Fisher Asset Management LLC Decreases Stake in Rolls-Royce Holdings PLC (RYCEY)
Fisher Asset Management LLC cut its stake in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 549,087 shares of the company’s stock after selling 14,910 shares during the period. Fisher Asset Management LLC’s holdings in Rolls-Royce Holdings PLC were worth $5,136,000 as of its most recent SEC filing.
Separately, Cascade Investment Advisors Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC during the second quarter worth $156,000. 0.10% of the stock is owned by institutional investors.
Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) traded up 0.653% on Tuesday, hitting $8.475. The stock had a trading volume of 89,277 shares. Rolls-Royce Holdings PLC has a one year low of $7.33 and a one year high of $11.10.
A number of research firms recently commented on RYCEY. Zacks Investment Research raised Rolls-Royce Holdings PLC from a “sell” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG reissued a “sell” rating on shares of Rolls-Royce Holdings PLC in a report on Tuesday, August 16th. Finally, Morgan Stanley raised Rolls-Royce Holdings PLC from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.00.
About Rolls-Royce Holdings PLC
Rolls-Royce Holdings plc is a provider of an integrated power and propulsion solutions. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses. Its civil aerospace business is engaged in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services.
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