International Assets Investment Management LLC grew its stake in shares of Rocket Companies, Inc. (NYSE:RKT – Free Report) by 1,348.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,889 shares of the company’s stock after purchasing an additional 32,480 shares during the quarter. International Assets Investment Management LLC’s holdings in Rocket Companies were worth $505,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in RKT. First Affirmative Financial Network lifted its stake in Rocket Companies by 18.0% in the fourth quarter. First Affirmative Financial Network now owns 13,450 shares of the company’s stock worth $195,000 after acquiring an additional 2,052 shares during the period. DMC Group LLC lifted its stake in Rocket Companies by 11.7% in the third quarter. DMC Group LLC now owns 21,145 shares of the company’s stock worth $173,000 after acquiring an additional 2,217 shares during the period. First Eagle Investment Management LLC lifted its stake in Rocket Companies by 12.0% in the third quarter. First Eagle Investment Management LLC now owns 35,149 shares of the company’s stock worth $288,000 after acquiring an additional 3,764 shares during the period. Kingfisher Capital LLC lifted its stake in Rocket Companies by 3.0% in the third quarter. Kingfisher Capital LLC now owns 153,098 shares of the company’s stock worth $1,252,000 after acquiring an additional 4,478 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Rocket Companies by 7.5% in the fourth quarter. Global Retirement Partners LLC now owns 70,830 shares of the company’s stock worth $1,026,000 after acquiring an additional 4,917 shares during the period. 4.59% of the stock is owned by hedge funds and other institutional investors.
Rocket Companies Stock Performance
Shares of Rocket Companies stock opened at $12.20 on Friday. The firm has a market capitalization of $24.22 billion, a P/E ratio of -76.25, a PEG ratio of 9.84 and a beta of 2.42. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $12.59 and a 200 day moving average price of $11.36. Rocket Companies, Inc. has a 52 week low of $7.17 and a 52 week high of $15.19.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on RKT shares. Wells Fargo & Company lowered their price objective on shares of Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. UBS Group upped their price objective on shares of Rocket Companies from $8.50 to $10.00 and gave the stock a “sell” rating in a research note on Monday, February 26th. Citigroup boosted their target price on shares of Rocket Companies from $10.00 to $11.00 and gave the stock a “sell” rating in a report on Wednesday, February 28th. Wedbush reiterated a “neutral” rating and issued a $13.00 target price on shares of Rocket Companies in a report on Friday, February 23rd. Finally, Bank of America boosted their target price on shares of Rocket Companies from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Monday, March 18th. Six analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.02.
Check Out Our Latest Research Report on RKT
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.
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