Rocket Companies, Inc. (NYSE:RKT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in shares of Rocket Companies, Inc. (NYSE:RKT) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,974 shares of the company’s stock after selling 5,647 shares during the period. Public Employees Retirement System of Ohio’s holdings in Rocket Companies were worth $417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RKT. FMR LLC increased its position in Rocket Companies by 134.7% during the second quarter. FMR LLC now owns 3,598 shares of the company’s stock worth $26,000 after purchasing an additional 2,065 shares during the last quarter. Deutsche Bank AG increased its position in Rocket Companies by 658.7% during the fourth quarter. Deutsche Bank AG now owns 3,892 shares of the company’s stock worth $27,000 after purchasing an additional 3,379 shares during the last quarter. 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 purchasing an additional 2,851 shares during the last quarter. True Wealth Design LLC acquired a new stake in Rocket Companies during the fourth quarter worth about $35,000. Finally, Ossiam increased its position in Rocket Companies by 75.5% during the first quarter. Ossiam now owns 5,030 shares of the company’s stock worth $46,000 after purchasing an additional 2,164 shares during the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Stock Up 5.7 %

Shares of Rocket Companies stock opened at $14.55 on Thursday. Rocket Companies, Inc. has a 52-week low of $7.17 and a 52-week high of $15.19. The company has a 50 day moving average of $12.28 and a 200 day moving average of $10.78. 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 market capitalization of $28.89 billion, a P/E ratio of -90.94, a P/E/G ratio of 11.37 and a beta of 2.39.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Rocket Companies had a negative return on equity of 3.63% and a negative net margin of 0.41%. The firm had revenue of $885.00 million during the quarter, compared to analysts’ expectations of $762.44 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The firm’s revenue was up 29.6% compared to the same quarter last year. As a group, research analysts forecast that Rocket Companies, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RKT shares. Wedbush reiterated a “neutral” rating and set a $13.00 price target on shares of Rocket Companies in a research report on Friday, February 23rd. Wells Fargo & Company dropped their price target on shares of Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.50 price target (up from $8.50) on shares of Rocket Companies in a research report on Thursday, January 4th. Citigroup lifted their price target on shares of Rocket Companies from $10.00 to $11.00 and gave the company a “sell” rating in a research report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $10.75 price target on shares of Rocket Companies in a research report on Wednesday, January 3rd. Six equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.02.

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.