Analysts Rate Rolls-Royce Holdings PLC as “Moderate Buy”
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) have received an average recommendation of “Moderate Buy” from six research firms currently monitoring the company, according to data from Marketbeat. The analysts’ evaluations include three hold recommendations, two buy ratings, and one strong buy rating, reflecting a generally positive outlook for the company.
Recent assessments from various financial institutions indicate a growing confidence in Rolls-Royce’s performance. Notably, Royal Bank Of Canada initiated coverage on November 18, 2023, rating the stock as “outperform.” In a separate report, Berenberg Bank upgraded its rating to “hold” on October 20, 2023. Meanwhile, The Goldman Sachs Group commenced coverage on September 19, 2023, with a buy recommendation, signaling optimism about the aerospace company’s potential.
Investors have taken notice of these developments, as evidenced by recent trading activity. Shares of Rolls-Royce Holdings PLC saw a slight increase of 0.3%, which may reflect the positive sentiment from analysts.
Hedge Funds Adjust Positions
The recent shifts in analyst ratings coincide with adjustments by hedge funds regarding their stakes in Rolls-Royce. For instance, ORG Partners LLC raised its position in the company by an impressive 115.3% during the third quarter, acquiring an additional 1,055 shares to bring its total to 1,970 shares valued at approximately $32,000.
Furthermore, Kelleher Financial Advisors established a new stake in the company during the same quarter, estimated at around $37,000. In a more dramatic move, Salomon & Ludwin LLC increased its holdings by an astonishing 2,646.8%, now owning 3,049 shares valued at about $48,000.
Other institutional investors, such as Sterling Investment Advisors Ltd., also entered the fray, acquiring a stake valued at $174,000 in the second quarter. Additionally, GAMMA Investing LLC increased its investment by 17.4%, owning 34,443 shares worth approximately $461,000 after acquiring an extra 5,099 shares.
Currently, hedge funds and other institutional investors control about 0.07% of Rolls-Royce’s stock, indicating a cautious but growing interest in the aerospace sector.
Company Overview
Rolls-Royce Holdings PLC specializes in the development and delivery of advanced power and propulsion solutions across air, sea, and land, both in the UK and internationally. The company operates through four key segments: Civil Aerospace, Defence, Power Systems, and New Markets. Its Civil Aerospace division is particularly notable for manufacturing and marketing aero engines for large commercial aircraft, regional jets, and business aviation, alongside providing essential aftermarket services.
As Rolls-Royce navigates the complexities of the aerospace industry, the recent analyst ratings and hedge fund activities suggest a potential recovery and growth trajectory. Investors and stakeholders will be closely monitoring how these factors unfold in the coming quarters.
