48,337 Shares in Rocket Companies, Inc. (NYSE:RKT) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,337 shares of the company's stock, valued at approximately $583,000.

A number of other large investors also recently bought and sold shares of the stock. AXQ Capital LP raised its position in shares of Rocket Companies by 125.7% in the 4th quarter. AXQ Capital LP now owns 146,691 shares of the company's stock worth $1,652,000 after buying an additional 81,695 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Rocket Companies by 875.5% in the 4th quarter. Hsbc Holdings PLC now owns 145,485 shares of the company's stock valued at $1,634,000 after purchasing an additional 130,571 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Rocket Companies by 54.5% during the 4th quarter. Aquatic Capital Management LLC now owns 173,754 shares of the company's stock worth $1,956,000 after purchasing an additional 61,265 shares during the period. Vanguard Group Inc. increased its position in Rocket Companies by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 12,520,074 shares of the company's stock worth $140,976,000 after purchasing an additional 431,054 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in Rocket Companies by 76.9% in the fourth quarter. Quantbot Technologies LP now owns 270,761 shares of the company's stock valued at $3,049,000 after buying an additional 117,728 shares during the period. Hedge funds and other institutional investors own 4.59% of the company's stock.

Wall Street Analyst Weigh In

RKT has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Rocket Companies from $15.00 to $13.00 and set a "market perform" rating for the company in a research report on Monday, May 12th. Wedbush reissued a "neutral" rating and issued a $12.00 price objective (down from $13.00) on shares of Rocket Companies in a research report on Friday, May 9th. Royal Bank of Canada restated a "sector perform" rating and set a $18.00 price objective on shares of Rocket Companies in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft upgraded Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 target price on the stock in a report on Wednesday, April 2nd. Finally, UBS Group upped their price target on Rocket Companies from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Rocket Companies currently has an average rating of "Hold" and an average price target of $14.21.

Rocket Companies Stock Down 2.5%

NYSE:RKT opened at $13.81 on Friday. The stock has a 50-day simple moving average of $12.59 and a 200 day simple moving average of $12.73. Rocket Companies, Inc. has a one year low of $10.06 and a one year high of $21.38. The company has a market capitalization of $27.61 billion, a price-to-earnings ratio of -86.28 and a beta of 2.28. The company has a debt-to-equity ratio of 1.51, a quick ratio of 15.47 and a current ratio of 15.47.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.26 billion. Rocket Companies had a negative net margin of 0.38% and a positive return on equity of 2.86%. The firm's revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. Sell-side analysts predict that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

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.

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