Integrated Investment Consultants LLC Boosts Stock Position in Rocket Companies, Inc. (NYSE:RKT)

Integrated Investment Consultants LLC grew its holdings in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 1,069.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 650,598 shares of the company's stock after buying an additional 594,945 shares during the period. Rocket Companies accounts for approximately 1.6% of Integrated Investment Consultants LLC's portfolio, making the stock its 13th largest position. Integrated Investment Consultants LLC's holdings in Rocket Companies were worth $9,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in Rocket Companies by 1.1% during the third quarter. FMR LLC now owns 11,540,617 shares of the company's stock worth $94,402,000 after purchasing an additional 122,894 shares in the last quarter. Invesco Ltd. raised its holdings in Rocket Companies by 4.8% during the first quarter. Invesco Ltd. now owns 10,789,221 shares of the company's stock worth $119,975,000 after purchasing an additional 490,407 shares in the last quarter. Vanguard Group Inc. raised its holdings in Rocket Companies by 29.0% during the first quarter. Vanguard Group Inc. now owns 10,028,437 shares of the company's stock worth $111,517,000 after purchasing an additional 2,252,066 shares in the last quarter. BlackRock Inc. raised its holdings in Rocket Companies by 2.7% during the first quarter. BlackRock Inc. now owns 6,684,239 shares of the company's stock worth $74,328,000 after purchasing an additional 178,545 shares in the last quarter. Finally, Boston Partners purchased a new position in Rocket Companies during the third quarter worth about $47,544,000. 4.59% of the stock is owned by hedge funds and other institutional investors.

Rocket Companies Trading Down 1.2 %

NYSE RKT traded down $0.16 during mid-day trading on Thursday, reaching $13.08. 2,163,145 shares of the stock were exchanged, compared to its average volume of 2,521,574. Rocket Companies, Inc. has a 1-year low of $7.17 and a 1-year high of $15.19. The business's fifty day simple moving average is $12.46 and its 200 day simple moving average is $10.92. The stock has a market capitalization of $25.97 billion, a PE ratio of -82.75, a PEG ratio of 10.29 and a beta of 2.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 9.78 and a current ratio of 9.78.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). Rocket Companies had a negative return on equity of 3.63% and a negative net margin of 0.41%. The firm had revenue of $885.00 million for the quarter, compared to analyst estimates of $762.44 million. During the same quarter last year, the business posted ($0.12) EPS. The firm's revenue was up 29.6% compared to the same quarter last year. On average, research analysts anticipate that Rocket Companies, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RKT has been the topic of several recent analyst reports. UBS Group upped their target price on shares of Rocket Companies from $8.50 to $10.00 and gave the stock a "sell" rating in a research report on Monday, February 26th. Citigroup upped their target price on shares of Rocket Companies from $10.00 to $11.00 and gave the stock a "sell" rating in a research report on Wednesday, February 28th. Bank of America upped their target price on shares of Rocket Companies from $7.00 to $8.00 and gave the stock an "underperform" rating in a research report on Monday, March 18th. JPMorgan Chase & Co. restated an "underweight" rating and set a $10.50 target price (up from $8.50) on shares of Rocket Companies in a research report on Thursday, January 4th. Finally, Wells Fargo & Company lowered their price target on shares of Rocket Companies from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, February 23rd. Six equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Rocket Companies currently has an average rating of "Hold" and a consensus target price of $10.02.

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.