Vawter Financial Ltd. Acquires Shares of 63,625 Rocket Companies, Inc. (NYSE:RKT)

Vawter Financial Ltd. bought a new stake in shares of Rocket Companies, Inc. (NYSE:RKT) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 63,625 shares of the company’s stock, valued at approximately $716,000.

Several other institutional investors also recently made changes to their positions in RKT. State Street Corp grew its holdings in shares of Rocket Companies by 44.7% during the third quarter. State Street Corp now owns 4,108,189 shares of the company’s stock valued at $78,836,000 after purchasing an additional 1,269,795 shares during the last quarter. Philip James Wealth Mangement LLC bought a new position in shares of Rocket Companies during the third quarter valued at approximately $6,811,000. Tidal Investments LLC grew its holdings in shares of Rocket Companies by 804.3% during the third quarter. Tidal Investments LLC now owns 315,764 shares of the company’s stock valued at $6,060,000 after purchasing an additional 280,847 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Rocket Companies during the third quarter valued at approximately $3,655,000. Finally, Lincoln Capital Corp bought a new position in shares of Rocket Companies during the fourth quarter valued at approximately $1,831,000. 4.59% of the stock is owned by institutional investors.

Rocket Companies Stock Up 0.5 %

Shares of NYSE RKT opened at $13.16 on Wednesday. The stock has a fifty day moving average price of $11.88 and a two-hundred day moving average price of $15.39. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $21.38.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RKT. Keefe, Bruyette & Woods lowered their target price on Rocket Companies from $11.50 to $10.50 and set an “underperform” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Piper Sandler decreased their price objective on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Morgan Stanley decreased their price objective on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada decreased their price objective on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, Rocket Companies currently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.