Rocket Companies, Inc. $RKT Holdings Lifted by Brooktree Capital Management

Brooktree Capital Management increased its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,565 shares of the company’s stock after buying an additional 4,492 shares during the quarter. Rocket Companies accounts for approximately 1.1% of Brooktree Capital Management’s holdings, making the stock its 17th biggest position. Brooktree Capital Management’s holdings in Rocket Companies were worth $1,653,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Rocket Companies by 82.4% in the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after purchasing an additional 1,764 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Rocket Companies by 148.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,163,399 shares of the company’s stock valued at $14,042,000 after buying an additional 694,779 shares during the period. Envestnet Asset Management Inc. increased its stake in Rocket Companies by 33.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,845 shares of the company’s stock valued at $360,000 after buying an additional 7,432 shares during the period. Stratos Wealth Partners LTD. increased its stake in Rocket Companies by 52.1% in the 1st quarter. Stratos Wealth Partners LTD. now owns 24,717 shares of the company’s stock valued at $298,000 after buying an additional 8,463 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Rocket Companies by 47.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 78,100 shares of the company’s stock valued at $1,007,000 after acquiring an additional 25,000 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RKT has been the topic of several research analyst reports. Barclays set a $19.00 price target on shares of Rocket Companies and gave the company a “cautious” rating in a report on Monday, October 6th. Jefferies Financial Group lifted their price objective on Rocket Companies from $11.50 to $14.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Wall Street Zen raised Rocket Companies from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Keefe, Bruyette & Woods raised their price target on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 5th. Finally, UBS Group set a $17.00 price objective on Rocket Companies and gave the stock a “neutral” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.54.

Rocket Companies Price Performance

Shares of Rocket Companies stock opened at $16.27 on Thursday. The firm has a fifty day simple moving average of $18.35 and a 200-day simple moving average of $15.75. The company has a current ratio of 19.68, a quick ratio of 18.74 and a debt-to-equity ratio of 2.16. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56. The stock has a market capitalization of $34.24 billion, a price-to-earnings ratio of 203.40 and a beta of 2.21.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Rocket Companies had a negative net margin of 1.77% and a positive return on equity of 2.83%. Rocket Companies’s revenue for the quarter was up 148.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

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.