Rocket Companies, Inc. $RKT Shares Sold by EMG Holdings L.P.

Key Points

• EMG Holdings L.P. has reduced its stake in Rocket Companies, Inc. by 9.4%, selling 20,748 shares, and now holds a total of 200,000 shares valued at approximately $2.41 million.
• Multiple institutional investors, including Mather Group LLC. and Parallel Advisors LLC, significantly increased their positions in Rocket Companies during the first quarter, with Mather Group's holdings rising by 312.2%.
• Despite the fluctuations, several analysts maintain a "Hold" rating on Rocket Companies, with a consensus target price of $15.81, while UBS Group has set a price objective of $16.00.

EMG Holdings L.P. lowered its position in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the company's stock after selling 20,748 shares during the quarter. Rocket Companies comprises approximately 1.2% of EMG Holdings L.P.'s investment portfolio, making the stock its 10th biggest holding. EMG Holdings L.P.'s holdings in Rocket Companies were worth $2,414,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Boston Partners boosted its holdings in shares of Rocket Companies by 11.3% in the first quarter. Boston Partners now owns 13,704,339 shares of the company's stock valued at $165,421,000 after acquiring an additional 1,390,559 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rocket Companies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 12,793,549 shares of the company's stock valued at $154,418,000 after purchasing an additional 273,475 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Rocket Companies by 52.7% in the 4th quarter. Nuveen Asset Management LLC now owns 8,122,148 shares of the company's stock valued at $91,455,000 after buying an additional 2,804,090 shares during the last quarter. Nuveen LLC acquired a new stake in Rocket Companies in the 1st quarter worth $96,470,000. Finally, Wellington Management Group LLP boosted its position in shares of Rocket Companies by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 4,774,324 shares of the company's stock valued at $57,626,000 after acquiring an additional 69,147 shares in the last quarter. Institutional investors and hedge funds own 4.59% of the company's stock.

Rocket Companies Price Performance

Shares of RKT stock traded down $0.10 during trading hours on Friday, hitting $17.79. 15,815,590 shares of the company's stock were exchanged, compared to its average volume of 20,920,428. The company has a market capitalization of $37.44 billion, a PE ratio of -355.80 and a beta of 2.28. The business's 50 day simple moving average is $15.94 and its 200-day simple moving average is $14.11. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $21.38. The company has a current ratio of 18.74, a quick ratio of 18.74 and a debt-to-equity ratio of 2.36.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $0.06 EPS. The firm's revenue was up 4.5% on a year-over-year basis. Rocket Companies has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

RKT has been the subject of a number of research analyst reports. UBS Group set a $16.00 target price on shares of Rocket Companies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Barclays boosted their price objective on shares of Rocket Companies from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. The Goldman Sachs Group upped their price target on shares of Rocket Companies from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their price target on shares of Rocket Companies from $14.00 to $15.00 and gave the company a "market perform" rating in a research note on Tuesday, August 5th. Finally, Morgan Stanley assumed coverage on shares of Rocket Companies in a research report on Thursday, August 14th. They set an "equal weight" rating and a $16.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.81.

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.