Quantbot Technologies LP Sells 253,781 Shares of Rocket Companies, Inc. $RKT

Key Points

• Quantbot Technologies LP sold 253,781 shares of Rocket Companies, reducing its stake by 93.7%, now holding only 16,980 shares valued at approximately $205,000.
• Despite the sale, other institutional investors have increased their holdings, with CWM LLC raising its stake by 22.8%, now owning 6,702 shares valued at $81,000.
• Rocket Companies reported $0.04 EPS for the last quarter, beating estimates, with a revenue of $1.36 billion that also surpassed expectations.

Quantbot Technologies LP decreased its position in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 93.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,980 shares of the company's stock after selling 253,781 shares during the period. Quantbot Technologies LP's holdings in Rocket Companies were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in Rocket Companies by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 33,035 shares of the company's stock valued at $372,000 after purchasing an additional 936 shares during the period. Vident Advisory LLC raised its stake in shares of Rocket Companies by 3.6% during the fourth quarter. Vident Advisory LLC now owns 30,798 shares of the company's stock worth $347,000 after buying an additional 1,078 shares during the last quarter. CWM LLC lifted its holdings in Rocket Companies by 22.8% in the first quarter. CWM LLC now owns 6,702 shares of the company's stock valued at $81,000 after buying an additional 1,243 shares during the period. Brooktree Capital Management lifted its holdings in Rocket Companies by 1.3% in the first quarter. Brooktree Capital Management now owns 112,073 shares of the company's stock valued at $1,353,000 after buying an additional 1,479 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in Rocket Companies by 10.7% in the first quarter. Cresset Asset Management LLC now owns 17,542 shares of the company's stock valued at $226,000 after acquiring an additional 1,693 shares during the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Stock Down 1.1%

Shares of RKT stock opened at $17.88 on Friday. Rocket Companies, Inc. has a 12-month low of $10.06 and a 12-month high of $21.38. The company has a quick ratio of 18.74, a current ratio of 18.74 and a debt-to-equity ratio of 2.36. The firm has a fifty day moving average of $15.87 and a 200-day moving average of $14.07. The company has a market capitalization of $37.63 billion, a price-to-earnings ratio of -357.64 and a beta of 2.28.

Rocket Companies (NYSE:RKT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations 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 was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Rocket Companies from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. BTIG Research upgraded Rocket Companies to a "strong-buy" rating in a report on Tuesday, August 19th. Wedbush restated a "neutral" rating and set a $12.00 target price (down previously from $13.00) on shares of Rocket Companies in a report on Friday, May 9th. Keefe, Bruyette & Woods boosted their target price on Rocket Companies from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley started coverage on Rocket Companies in a research note on Thursday, August 14th. They issued an "equal weight" rating and a $16.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.81.

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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