Bruni J V & Co. Co. Sells 96,292 Shares of Rocket Companies, Inc. (NYSE:RKT)

Bruni J V & Co. Co. reduced its stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,535,084 shares of the company's stock after selling 96,292 shares during the period. Rocket Companies makes up about 3.3% of Bruni J V & Co. Co.'s holdings, making the stock its 15th largest holding. Bruni J V & Co. Co. owned 0.08% of Rocket Companies worth $29,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Rocket Companies during the third quarter valued at $39,000. Quarry LP boosted its stake in Rocket Companies by 858.8% during the second quarter. Quarry LP now owns 4,353 shares of the company's stock valued at $60,000 after buying an additional 3,899 shares during the period. Blue Trust Inc. bought a new stake in Rocket Companies during the second quarter valued at $61,000. EntryPoint Capital LLC bought a new stake in Rocket Companies during the first quarter valued at $77,000. Finally, V Square Quantitative Management LLC bought a new stake in Rocket Companies during the third quarter valued at $120,000. 4.59% of the stock is owned by institutional investors.

Rocket Companies Trading Up 2.2 %

Shares of RKT traded up $0.29 during trading hours on Tuesday, hitting $13.72. The company had a trading volume of 3,376,005 shares, compared to its average volume of 2,906,852. The firm has a market cap of $27.30 billion, a P/E ratio of -85.75 and a beta of 2.46. The stock's 50 day moving average price is $17.33 and its 200 day moving average price is $16.32. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies, Inc. has a 52-week low of $8.81 and a 52-week high of $21.38.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $647.00 million for the quarter, compared to the consensus estimate of $1.25 billion. Rocket Companies had a positive return on equity of 2.86% and a negative net margin of 0.38%. The company's quarterly revenue was down 46.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, research analysts predict that Rocket Companies, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley assumed coverage on Rocket Companies in a research note on Tuesday, November 5th. They set an "equal weight" rating and a $18.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Rocket Companies from $15.00 to $19.00 and gave the company an "underweight" rating in a research note on Monday, October 7th. UBS Group lowered their price target on Rocket Companies from $14.00 to $12.50 and set a "sell" rating on the stock in a research report on Thursday, November 14th. Wedbush restated a "neutral" rating and set a $13.00 price target (down previously from $18.00) on shares of Rocket Companies in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company raised their price target on Rocket Companies from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.13.

Rocket Companies 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.