Jupiter Asset Management Ltd. Takes Position in Rocket Companies, Inc. (NYSE:RKT)

Jupiter Asset Management Ltd. purchased a new stake in shares of Rocket Companies, Inc. (NYSE:RKTFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 22,926 shares of the company’s stock, valued at approximately $188,000.

Several other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in Rocket Companies in the first quarter valued at approximately $81,000. FMR LLC lifted its stake in shares of Rocket Companies by 134.7% in the 2nd quarter. FMR LLC now owns 3,598 shares of the company’s stock valued at $26,000 after purchasing an additional 2,065 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Rocket Companies by 658.7% in the 4th quarter. Deutsche Bank AG now owns 3,892 shares of the company’s stock valued at $27,000 after purchasing an additional 3,379 shares during the last quarter. US Bancorp DE boosted its holdings in Rocket Companies by 341.4% in the first quarter. US Bancorp DE now owns 4,414 shares of the company’s stock worth $49,000 after purchasing an additional 3,414 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in Rocket Companies by 178.2% during the second quarter. Captrust Financial Advisors now owns 4,451 shares of the company’s stock worth $33,000 after buying an additional 2,851 shares during the last quarter. 4.09% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Price Performance

RKT stock opened at $11.55 on Monday. Rocket Companies, Inc. has a twelve month low of $7.17 and a twelve month high of $15.19. The company has a debt-to-equity ratio of 1.05, a current ratio of 11.15 and a quick ratio of 11.15. The business’s 50-day simple moving average is $12.59 and its 200 day simple moving average is $10.40.

Analyst Ratings Changes

RKT has been the subject of a number of analyst reports. Citigroup cut Rocket Companies from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $9.00 to $10.00 in a research report on Tuesday, January 16th. UBS Group reaffirmed a “sell” rating and set a $8.50 target price on shares of Rocket Companies in a research report on Wednesday, December 6th. Wedbush dropped their price target on shares of Rocket Companies from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Rocket Companies in a report on Wednesday, January 10th. They set a “hold” rating and a $10.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.50 target price (up previously from $8.50) on shares of Rocket Companies in a report on Thursday, January 4th. Six research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Rocket Companies presently has a consensus rating of “Hold” and a consensus target price of $9.40.

View Our Latest Stock Report on Rocket Companies

Rocket Companies Company Profile

(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; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business.

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Institutional Ownership by Quarter for Rocket Companies (NYSE:RKT)

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