Signaturefd LLC Trims Stock Holdings in Rocket Companies, Inc. $RKT

Signaturefd LLC reduced its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 46.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,329 shares of the company’s stock after selling 2,043 shares during the period. Signaturefd LLC’s holdings in Rocket Companies were worth $33,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RKT. Missouri Trust & Investment Co increased its stake in Rocket Companies by 1.1% in the second quarter. Missouri Trust & Investment Co now owns 94,395 shares of the company’s stock worth $1,339,000 after purchasing an additional 1,000 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Rocket Companies by 67.8% in the second quarter. Public Employees Retirement System of Ohio now owns 74,336 shares of the company’s stock worth $1,054,000 after purchasing an additional 30,048 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Rocket Companies by 154.1% in the second quarter. GAMMA Investing LLC now owns 9,921 shares of the company’s stock worth $141,000 after purchasing an additional 6,016 shares during the last quarter. Lakeshore Financial Planning Inc. increased its stake in Rocket Companies by 74.5% in the 2nd quarter. Lakeshore Financial Planning Inc. now owns 18,497 shares of the company’s stock worth $262,000 after buying an additional 7,894 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Rocket Companies by 1,617.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 16,543 shares of the company’s stock valued at $235,000 after buying an additional 15,580 shares in the last quarter. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Trading Down 4.8%

RKT opened at $16.94 on Tuesday. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm has a market cap of $35.65 billion, a price-to-earnings ratio of -338.80 and a beta of 2.23. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $22.56. The stock has a fifty day moving average price of $18.70 and a 200-day moving average price of $15.17.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on RKT. Morgan Stanley upped their target price on shares of Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Zacks Research cut Rocket Companies from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Barclays set a $19.00 price objective on Rocket Companies and gave the stock a “cautious” rating in a report on Monday. Bank of America upgraded Rocket Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $24.00 in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group increased their price target on Rocket Companies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.88.

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.