Rolls-Royce Holdings Sees Institutional Buying as L & S Advisors Raises Stake by 16.4%
Rolls-Royce Holdings PLC has attracted notable institutional investor interest in the recent quarter, with L & S Advisors Inc. increasing its stake by 16.4%, acquiring 40,691 shares. This move brings L & S Advisors’ total holding to 288,058 shares, valued at approximately $3.85 million.
Alongside L & S Advisors, Bowen Hanes & Co. established a new position worth around $27.8 million in Rolls-Royce, while other investors such as GAMMA, Yousif, Sterling, and Torray have also made additional purchases. Despite these transactions, institutional ownership remains relatively low, at about 0.07% of the company’s shares.
Rolls-Royce shares currently trade near $14.76, slightly below the 50-day moving average of $15.43 but above the…
