Rolls-Royce Holdings plc – Depositary Receipt (OTCPK:RYCEY) has witnessed a soaring ascent as its one-year price target now rests at 4.85 / share, marking a substantial 9.96% surge from the prior estimate of 4.41 delineated on January 18, 2024.
Analysts have heralded this remarkable uptick, with price targets ranging from a modest 3.04 to a lofty 5.67 / share. The average price target shines as a beacon of hope, illuminating a prosperous 16.60% leap from the most recent closing price of 4.16 / share.
Exploring the Fund Sentiment
The ranks have swelled as 23 funds or institutions have emblazoned their names in support of Rolls-Royce Holdings plc – Depositary Receipt (). This surge of 4 owners, a 21.05% surge in the last quarter, signals unwavering faith in the stock. The average portfolio weight dedicated to RYCEY now stands at 0.27%, despite a slight drop of 20.54%. Collectively, institutions harbor 6,231K shares, a 1.00% dip in ownership over the past three months.
The Shareholder Symphony
Turning the spotlight on shareholder movements, Boothe Investment Group stands tall with 2,735K shares. This tally represents a slight decline of 1.07%, countered by a monumental surge of 135.44% in portfolio allocation over the last quarter.
Similarly, Renaissance Group orchestrates its position with 2,396K shares, notwithstanding a 2.71% drop. Demonstrating resilience, the firm bolsters its allocation by a significant 24.90% in the RYCEY domain.
Meanwhile, PMDEX – PMC Diversified Equity Fund Advisor Class Shares charts a growth trajectory with 308K shares, undergoing a remarkable 35.54% surge in shares. In sync with the upward trend, the firm amplifies its portfolio allocation by an impressive 91.60%.
Other notable performers include Henry James International Management, conducting a melodious symphony with 160K shares, and Yousif Capital Management maintaining harmony with 130K shares, steadfast in their support.
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This piece was initially featured on Fintel.
The views and opinions aired in this narrative solely reflect those of the author and not necessarily Nasdaq, Inc.
