Rocket Companies, Inc. (NYSE:RKT) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in shares of Rocket Companies, Inc. (NYSE:RKT) by 26.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,798 shares of the company’s stock after buying an additional 3,129 shares during the quarter. Private Advisor Group LLC’s holdings in Rocket Companies were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in Rocket Companies in the 2nd quarter valued at $10,811,000. Renaissance Technologies LLC lifted its holdings in shares of Rocket Companies by 26.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,468,700 shares of the company’s stock worth $33,821,000 after purchasing an additional 510,400 shares during the last quarter. Boston Partners lifted its position in Rocket Companies by 4.2% in the 1st quarter. Boston Partners now owns 9,382,173 shares of the company’s stock valued at $136,462,000 after purchasing an additional 381,841 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Rocket Companies during the 1st quarter valued at about $2,698,000. Finally, AQR Capital Management LLC grew its position in Rocket Companies by 306.3% in the 2nd quarter. AQR Capital Management LLC now owns 197,592 shares of the company’s stock worth $2,707,000 after purchasing an additional 148,965 shares during the last quarter. 4.59% of the stock is owned by hedge funds and other institutional investors.

Rocket Companies Trading Down 3.5 %

Shares of NYSE RKT opened at $15.73 on Thursday. Rocket Companies, Inc. has a 1-year low of $7.85 and a 1-year high of $21.38. The company has a 50-day moving average of $18.28 and a two-hundred day moving average of $16.16. The company has a market cap of $31.29 billion, a PE ratio of 225.03 and a beta of 2.46. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 1.27.

Analyst Upgrades and Downgrades

RKT has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Rocket Companies from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley initiated coverage on Rocket Companies in a research report on Tuesday. They set an “equal weight” rating and a $18.00 price target for the company. Keefe, Bruyette & Woods raised Rocket Companies from an “underperform” rating to a “market perform” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price objective on shares of Rocket Companies from $16.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Rocket Companies from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Five 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 has an average rating of “Hold” and an average target price of $15.15.

About Rocket Companies

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.