Brooklands Fund Management Ltd Buys 2,526,840 Shares of Rocket Companies, Inc. $RKT

Key Points

• Brooklands Fund Management significantly increased its Rocket Companies stake, purchasing 2,526,840 additional shares in the third quarter and bringing its total holdings to 2,602,700 shares valued at approximately $30 million.
• Rocket reported better-than-expected third-quarter results, with adjusted EPS of $0.15 versus a $0.14 consensus estimate and revenue of $2.57 billion, up 37.4% year over year.
• The outlook remains mixed: analysts maintain a “Moderate Buy” consensus with an $18.88 average price target, but Rocket’s fourth-quarter revenue guidance implies a sequential slowdown and the housing market continues to face affordability pressures.

Brooklands Fund Management Ltd raised its stake in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 3,330.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,602,700 shares of the company's stock after purchasing an additional 2,526,840 shares during the period. Rocket Companies accounts for approximately 4.4% of Brooklands Fund Management Ltd's investment portfolio, making the stock its 7th largest holding. Brooklands Fund Management Ltd owned about 0.09% of Rocket Companies worth $29,957,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RKT. Amundi boosted its holdings in shares of Rocket Companies by 152.1% in the 1st quarter. Amundi now owns 13,725,878 shares of the company's stock valued at $195,594,000 after buying an additional 8,280,463 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Rocket Companies in the 2nd quarter worth approximately $74,874,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Rocket Companies in the 2nd quarter worth approximately $67,795,000. Wellington Management Group LLP grew its position in shares of Rocket Companies by 64.5% in the 2nd quarter. Wellington Management Group LLP now owns 9,029,295 shares of the company's stock worth $142,211,000 after buying an additional 3,541,916 shares during the last quarter. Finally, Atreides Management LP raised its stake in shares of Rocket Companies by 69.7% during the 1st quarter. Atreides Management LP now owns 6,114,947 shares of the company's stock worth $87,138,000 after acquiring an additional 2,512,384 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors.

Rocket Companies News Roundup

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Q3 earnings beat expectations. Rocket reported adjusted earnings of $0.15 per share, above the $0.14 analyst consensus cited by MarketBeat and the $0.13 estimate cited by Zacks. EPS more than doubled from $0.07 a year earlier. Rocket Companies Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue and profitability improved substantially. Adjusted revenue reached $2.57 billion, up 37.4% year over year and broadly in line with the $2.58 billion estimate. Rocket also reported $3.28 billion in total revenue, $709 million in GAAP net income and $419 million in adjusted net income. Rocket Companies Announces Third Quarter 2026 Results
• Neutral Sentiment: Analyst expectations remain above the current share price. Brokerages reportedly have a consensus price target of $18.88, suggesting potential upside, though price targets are forecasts rather than new company fundamentals. Rocket Companies Consensus Price Target
• Negative Sentiment: Q4 guidance points to a sequential slowdown. Rocket expects fourth-quarter revenue of $2.10 billion to $2.30 billion, below Q3 adjusted revenue of $2.57 billion, potentially limiting enthusiasm over the earnings beat. Rocket Companies Q4 Revenue Outlook
• Negative Sentiment: Housing-market conditions remain challenging. U.S. home-sale prices recently declined for the first time in more than three years, while elevated mortgage payments continue to discourage buyers—headwinds for Rocket’s mortgage and real-estate businesses. U.S. Home-Sale Prices Just Fell

Analyst Ratings Changes

RKT has been the subject of a number of analyst reports. Benchmark decreased their target price on shares of Rocket Companies from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Stephens cut their price target on shares of Rocket Companies from $22.50 to $20.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. JPMorgan Chase & Co. reduced their price target on Rocket Companies from $14.00 to $12.50 and set a "neutral" rating on the stock in a research report on Monday, October 12th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $16.00 price objective (up from $15.00) on shares of Rocket Companies in a report on Wednesday, August 12th. Finally, Morgan Stanley set a $16.00 price objective on Rocket Companies and gave the stock an "overweight" rating in a research report on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rocket Companies currently has an average rating of "Moderate Buy" and an average target price of $18.88.

Insider Buying and Selling at Rocket Companies

In other Rocket Companies news, CEO Jesse Bray sold 92,300 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $12.39, for a total transaction of $1,143,597.00. Following the sale, the chief executive officer owned 7,728,027 shares in the company, valued at approximately $95,750,254.53. The trade was a 1.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 450,000 shares of company stock worth $5,687,074 over the last 90 days. 57.68% of the stock is owned by insiders.

Rocket Companies Stock Up 3.1%

RKT stock opened at $11.92 on Friday. The firm has a 50 day moving average of $12.40 and a 200 day moving average of $14.81. The stock has a market capitalization of $33.76 billion, a PE ratio of 85.16, a price-to-earnings-growth ratio of 3.46 and a beta of 2.23. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.16. Rocket Companies, Inc. has a 52 week low of $10.18 and a 52 week high of $24.36.

Rocket Companies (NYSE:RKT - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Rocket Companies had a net margin of 4.70% and a return on equity of 5.13%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm earned $0.07 EPS. Rocket Companies's revenue was up 37.4% compared to the same quarter last year. Sell-side analysts forecast that Rocket Companies, Inc. will post 0.48 earnings per share for the current year.

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based financial technology company that operates a portfolio of consumer finance and real estate businesses. Its platform is designed to simplify the homeownership process through digital applications, automated workflows and online customer support.

The company's principal business is Rocket Mortgage, a residential mortgage lender and servicer offering home purchase, refinance and home equity products. Its broader portfolio includes Rocket Homes, a real estate services platform; Rocket Money, a personal finance app that helps consumers manage subscriptions, budgets and bills; Rocket Loans, which provides personal loans; and Rocket Pro, which supports mortgage brokers and other partners.

Rocket Companies traces its history to 1985, when Dan Gilbert founded Rock Financial.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.