Aquatic Capital Management LLC Increases Stock Holdings in Rocket Companies, Inc. (NYSE:RKT)

Aquatic Capital Management LLC grew its holdings in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,754 shares of the company's stock after acquiring an additional 61,265 shares during the quarter. Aquatic Capital Management LLC's holdings in Rocket Companies were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of RKT. KBC Group NV grew its stake in shares of Rocket Companies by 58.1% in the 4th quarter. KBC Group NV now owns 6,056 shares of the company's stock valued at $68,000 after purchasing an additional 2,226 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Rocket Companies by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 8,295 shares of the company's stock valued at $93,000 after acquiring an additional 3,019 shares during the period. Caisse Des Depots ET Consignations bought a new stake in shares of Rocket Companies in the 4th quarter worth about $99,000. Garner Asset Management Corp acquired a new stake in shares of Rocket Companies during the 4th quarter worth about $118,000. Finally, Huntington National Bank lifted its holdings in Rocket Companies by 548,750.0% during the 4th quarter. Huntington National Bank now owns 10,977 shares of the company's stock valued at $124,000 after purchasing an additional 10,975 shares during the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on RKT shares. Wedbush reiterated an "outperform" rating and set a $13.00 price target on shares of Rocket Companies in a research report on Wednesday, April 16th. Barclays raised Rocket Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $10.00 to $14.00 in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their price target on shares of Rocket Companies from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $18.00 price target on shares of Rocket Companies in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Rocket Companies from a "hold" rating to a "buy" rating and set a $16.00 price target on the stock in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $14.38.

Rocket Companies Stock Down 1.1 %

Shares of RKT traded down $0.14 during trading hours on Friday, hitting $12.64. The stock had a trading volume of 13,264,002 shares, compared to its average volume of 4,860,944. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $21.38. The firm has a market capitalization of $25.23 billion, a P/E ratio of -79.00 and a beta of 2.35. The firm has a 50 day simple moving average of $13.39 and a 200-day simple moving average of $13.27. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47.

Rocket Companies Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, March 20th. Rocket Companies's dividend payout ratio (DPR) is presently 801.25%.

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.