Los Angeles Capital Management LLC trimmed its holdings in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 36.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,188 shares of the company's stock after selling 69,300 shares during the period. Los Angeles Capital Management LLC's holdings in Rocket Companies were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in shares of Rocket Companies by 48.7% during the third quarter. Raymond James & Associates now owns 300,612 shares of the company's stock valued at $5,769,000 after purchasing an additional 98,397 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Rocket Companies by 26.8% during the third quarter. Private Advisor Group LLC now owns 14,798 shares of the company's stock worth $284,000 after buying an additional 3,129 shares during the period. International Assets Investment Management LLC boosted its position in Rocket Companies by 3,429.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,377 shares of the company's stock valued at $142,000 after acquiring an additional 7,168 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Rocket Companies by 14.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,566 shares of the company's stock valued at $433,000 after acquiring an additional 2,766 shares during the period. Finally, SteelPeak Wealth LLC bought a new position in shares of Rocket Companies in the 3rd quarter worth $567,000. 4.59% of the stock is currently owned by institutional investors.
Rocket Companies Stock Performance
Shares of Rocket Companies stock traded down $0.24 on Tuesday, reaching $13.83. 2,841,819 shares of the stock were exchanged, compared to its average volume of 3,017,078. The business has a 50 day moving average price of $12.12 and a two-hundred day moving average price of $15.09. The firm has a market capitalization of $27.58 billion, a price-to-earnings ratio of -86.28 and a beta of 2.43. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $21.38. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on RKT. JPMorgan Chase & Co. dropped 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. Royal Bank of Canada lowered their price target on shares of Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating on the stock in a report on Wednesday, November 13th. Bank of America boosted their price objective on shares of Rocket Companies from $14.00 to $15.00 and gave the stock an "underperform" rating in a research note on Thursday, November 14th. Piper Sandler decreased their target price on shares of Rocket Companies from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Finally, Morgan Stanley cut their price target on shares of Rocket Companies from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, December 19th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.83.
View Our Latest Report on RKT
About Rocket Companies
(
Free Report)
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.
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