EMG Holdings L.P. Sells 20,748 Shares of Rocket Companies, Inc. $RKT

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. decreased its holdings in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the company's stock after selling 20,748 shares during the period. Rocket Companies makes up about 1.2% of EMG Holdings L.P.'s portfolio, making the stock its 10th largest position. EMG Holdings L.P.'s holdings in Rocket Companies were worth $2,414,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in Rocket Companies by 312.2% during the first quarter. Mather Group LLC. now owns 2,601 shares of the company's stock worth $31,000 after buying an additional 1,970 shares during the last quarter. Parallel Advisors LLC raised its holdings in Rocket Companies by 302.2% during the first quarter. Parallel Advisors LLC now owns 2,956 shares of the company's stock worth $36,000 after buying an additional 2,221 shares during the last quarter. Brooklyn Investment Group raised its holdings in Rocket Companies by 251.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock worth $41,000 after buying an additional 2,425 shares during the last quarter. GAMMA Investing LLC raised its holdings in Rocket Companies by 82.4% during the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company's stock worth $47,000 after buying an additional 1,764 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Rocket Companies during the fourth quarter worth $47,000. Institutional investors and hedge funds own 4.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group set a $16.00 price objective on shares of Rocket Companies and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Keefe, Bruyette & Woods upped their price objective on shares of Rocket Companies from $14.00 to $15.00 and gave the stock a "market perform" rating in a report on Tuesday, August 5th. Jefferies Financial Group upped their price objective on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. BTIG Research upgraded shares of Rocket Companies to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Morgan Stanley initiated coverage on shares of Rocket Companies in a report on Thursday, August 14th. They issued an "equal weight" rating and a $16.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.81.

Rocket Companies Price Performance

RKT opened at $19.2480 on Monday. The firm has a market cap of $40.51 billion, a P/E ratio of -384.96 and a beta of 2.28. The firm has a 50-day moving average of $15.49 and a 200 day moving average of $13.93. The company has a debt-to-equity ratio of 2.36, a quick ratio of 18.74 and a current ratio of 18.74. Rocket Companies, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $21.38.

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

Rocket Companies 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.

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