Boothe Investment Group Inc. Invests $8.49 Million in Rolls-Royce Holdings plc (OTCMKTS:RYCEY)

Boothe Investment Group Inc. purchased a new position in Rolls-Royce Holdings plc (OTCMKTS:RYCEY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,193,163 shares of the aerospace company’s stock, valued at approximately $8,489,000. Rolls-Royce Holdings plc comprises about 3.7% of Boothe Investment Group Inc.’s holdings, making the stock its 7th biggest position.

A number of other large investors also recently modified their holdings of RYCEY. Financial Avengers Inc. lifted its position in Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 2,500 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Rolls-Royce Holdings plc by 152.1% in the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 3,904 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Rolls-Royce Holdings plc by 35.7% in the 4th quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 6,727 shares during the last quarter. 0.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Trading Down 2.6 %

Shares of OTCMKTS:RYCEY opened at $7.73 on Monday. The company’s 50-day moving average price is $7.37 and its 200 day moving average price is $7.07. Rolls-Royce Holdings plc has a fifty-two week low of $4.43 and a fifty-two week high of $8.29.

Rolls-Royce Holdings plc Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.