45,597 Shares in Rocket Companies, Inc. (NYSE:RKT) Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 45,597 shares of the company's stock, valued at approximately $875,000.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank boosted its position in shares of Rocket Companies by 4.1% during the 1st quarter. Swiss National Bank now owns 237,000 shares of the company's stock valued at $3,448,000 after acquiring an additional 9,300 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Rocket Companies by 24.9% in the 1st quarter. First Eagle Investment Management LLC now owns 44,540 shares of the company's stock worth $648,000 after buying an additional 8,891 shares in the last quarter. Rockport Wealth LLC bought a new stake in shares of Rocket Companies in the 1st quarter worth about $291,000. EntryPoint Capital LLC purchased a new stake in shares of Rocket Companies during the 1st quarter valued at about $77,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Rocket Companies by 7.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,389 shares of the company's stock valued at $836,000 after acquiring an additional 3,858 shares during the last quarter. Hedge funds and other institutional investors own 4.59% of the company's stock.

Rocket Companies Trading Down 2.9 %

Rocket Companies stock traded down $0.41 during trading hours on Thursday, hitting $13.72. The company had a trading volume of 1,956,733 shares, compared to its average volume of 2,885,150. Rocket Companies, Inc. has a 1 year low of $8.81 and a 1 year high of $21.38. The firm has a market cap of $27.30 billion, a P/E ratio of -85.88 and a beta of 2.46. The company has a 50-day moving average price of $17.78 and a two-hundred day moving average price of $16.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 13.18 and a current ratio of 13.18.

Rocket Companies (NYSE:RKT - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $647.00 million during the quarter, compared to analysts' expectations of $1.25 billion. Rocket Companies had a positive return on equity of 2.84% and a negative net margin of 0.38%. The business's revenue for the quarter was down 46.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) EPS. On average, sell-side analysts anticipate that Rocket Companies, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RKT shares. Bank of America boosted their price objective on Rocket Companies from $14.00 to $15.00 and gave the stock an "underperform" rating in a research note on Thursday. Barclays lowered their price target on Rocket Companies from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Rocket Companies from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. Royal Bank of Canada lowered their target price on shares of Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Rocket Companies from $11.00 to $15.00 and gave the company a "hold" rating in a report on Friday, August 2nd. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Rocket Companies currently has a consensus rating of "Hold" and an average price target of $15.13.

About Rocket Companies

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.