Bruni J V & Co. Co. Acquires 324,976 Shares of Rocket Companies, Inc. (NYSE:RKT)

Bruni J V & Co. Co. increased its stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,860,060 shares of the company's stock after purchasing an additional 324,976 shares during the period. Rocket Companies makes up approximately 2.4% of Bruni J V & Co. Co.'s portfolio, making the stock its 21st biggest holding. Bruni J V & Co. Co. owned approximately 0.09% of Rocket Companies worth $20,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Rocket Companies by 44.7% in the 3rd quarter. State Street Corp now owns 4,108,189 shares of the company's stock worth $78,836,000 after buying an additional 1,269,795 shares during the last quarter. Philip James Wealth Mangement LLC purchased a new position in Rocket Companies in the third quarter worth $6,811,000. Tidal Investments LLC increased its stake in Rocket Companies by 804.3% in the third quarter. Tidal Investments LLC now owns 315,764 shares of the company's stock valued at $6,060,000 after acquiring an additional 280,847 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Rocket Companies during the third quarter valued at about $3,655,000. Finally, Lincoln Capital Corp bought a new stake in Rocket Companies during the fourth quarter worth about $1,831,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RKT has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Rocket Companies from $14.00 to $10.50 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Bank of America increased their price target on shares of Rocket Companies from $14.00 to $15.00 and gave the company an "underperform" rating in a research report on Thursday, November 14th. UBS Group raised shares of Rocket Companies from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $12.50 to $11.50 in a research note on Friday, January 10th. Barclays cut their price objective on shares of Rocket Companies from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Wednesday, November 13th. Finally, Piper Sandler decreased their target price on shares of Rocket Companies from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $13.83.

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Rocket Companies Trading Down 2.6 %

Shares of RKT stock traded down $0.37 during mid-day trading on Tuesday, reaching $13.70. The stock had a trading volume of 3,209,366 shares, compared to its average volume of 3,019,107. The firm has a market capitalization of $27.32 billion, a PE ratio of -85.76 and a beta of 2.43. The stock's 50-day moving average price is $12.12 and its two-hundred day moving average price is $15.09. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies, Inc. has a 52-week low of $10.06 and a 52-week high of $21.38.

Rocket Companies Company Profile

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.