Rocket Companies, Inc. $RKT Shares Bought by Clifford Capital Partners LLC

Clifford Capital Partners LLC boosted its stake in shares of Rocket Companies, Inc. (NYSE:RKTFree Report) by 54.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,256,858 shares of the company’s stock after acquiring an additional 444,999 shares during the period. Rocket Companies comprises about 4.1% of Clifford Capital Partners LLC’s holdings, making the stock its 3rd biggest holding. Clifford Capital Partners LLC owned 0.06% of Rocket Companies worth $24,333,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Clough Capital Partners L P raised its position in Rocket Companies by 1,627.0% during the fourth quarter. Clough Capital Partners L P now owns 1,718,580 shares of the company’s stock worth $33,272,000 after acquiring an additional 1,619,070 shares during the period. Atreides Management LP raised its position in Rocket Companies by 260.0% during the fourth quarter. Atreides Management LP now owns 3,602,563 shares of the company’s stock worth $69,746,000 after acquiring an additional 2,601,906 shares during the period. Avala Global LP acquired a new position in Rocket Companies during the fourth quarter worth $21,819,000. Bamco Inc. NY acquired a new position in Rocket Companies during the fourth quarter worth $27,072,000. Finally, Aristeia Capital L.L.C. acquired a new position in Rocket Companies during the fourth quarter worth $503,000. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Rocket Companies Price Performance

Rocket Companies stock opened at $13.17 on Thursday. Rocket Companies, Inc. has a 52-week low of $12.17 and a 52-week high of $24.36. The firm has a market capitalization of $37.27 billion, a price-to-earnings ratio of 263.48 and a beta of 2.19. The company has a fifty day simple moving average of $14.36 and a 200-day simple moving average of $16.96. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.13.

Rocket Companies (NYSE:RKTGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 167.1% compared to the same quarter last year. On average, equities analysts anticipate that Rocket Companies, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

RKT has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Rocket Companies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. BTIG Research restated a “neutral” rating on shares of Rocket Companies in a research report on Tuesday. Weiss Ratings upgraded shares of Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Citizens Jmp started coverage on shares of Rocket Companies in a research report on Wednesday, March 25th. They set a “market perform” rating for the company. Finally, Stephens started coverage on shares of Rocket Companies in a report on Thursday, April 23rd. They set an “overweight” rating and a $22.50 target price for the company. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Rocket Companies has an average rating of “Hold” and a consensus price target of $20.93.

View Our Latest Analysis on RKT

Rocket Companies Profile

(Free Report)

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.

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Institutional Ownership by Quarter for Rocket Companies (NYSE:RKT)

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