Hudson Bay Capital Management LP Takes Position in Rocket Companies, Inc. $RKT

Hudson Bay Capital Management LP acquired a new position in Rocket Companies, Inc. (NYSE:RKT) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 708,379 shares of the company’s stock, valued at approximately $13,728,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brooktree Capital Management lifted its position in Rocket Companies by 27.5% in the third quarter. Brooktree Capital Management now owns 148,653 shares of the company’s stock valued at $2,881,000 after purchasing an additional 32,088 shares during the last quarter. Cibc World Market Inc. purchased a new stake in shares of Rocket Companies during the third quarter valued at approximately $2,689,000. Udine Wealth Management Inc. grew its holdings in shares of Rocket Companies by 86.1% in the third quarter. Udine Wealth Management Inc. now owns 168,070 shares of the company’s stock worth $3,257,000 after purchasing an additional 77,736 shares during the last quarter. Clifford Capital Partners LLC bought a new position in shares of Rocket Companies in the second quarter worth approximately $11,487,000. Finally, Thames Capital Management LLC increased its stake in shares of Rocket Companies by 54.3% in the third quarter. Thames Capital Management LLC now owns 1,106,003 shares of the company’s stock worth $21,434,000 after buying an additional 389,101 shares during the period. Institutional investors own 4.59% of the company’s stock.

Rocket Companies News Roundup

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded Rocket Companies (RKT) from Market Perform to Outperform and raised the price target from $20 to $22, citing the stock’s recent pullback and longer-term upside — a near-term positive catalyst for sentiment and flows. Keefe Bruyette Upgrades Rocket Companies (RKT) From Market Perform to Outperform, Raises the PT Rocket Companies (NYSE:RKT) Stock Rating Upgraded by Keefe, Bruyette & Woods
• Positive Sentiment: Redfin reports an unusually large monthly saving for borrowers using adjustable-rate mortgages — roughly $150/month versus a 30‑year fixed — which could steer some buyers toward ARMs and sustain originations if fixed rates remain elevated. Today’s Homebuyers Save $150 a Month By Choosing an Adjustable-Rate Mortgage—The Biggest Discount Since 2022
• Neutral Sentiment: Redfin data show the typical home that went under contract in February spent 66 days on market (the slowest February pace since 2016). Slower transactions can weigh on short-term revenue timing but may not change longer-term mortgage demand dynamics. Redfin Reports The Typical Home Sells in 66 Days—the Slowest Winter Pace in a Decade
• Neutral Sentiment: Research from Redfin highlights concentration of real-estate wealth (top 20% hold ~56% of wealth). This structural insight is relevant for long-term strategy and product targeting but is a less direct near-term earnings driver. The Top 20% of Earners Hold Over Half of America’s Real Estate Wealth
• Negative Sentiment: Mortgage rates have bounced back above 6% according to a Redfin report — higher rates typically reduce refinance and purchase volumes, a direct headwind to Rocket’s originations and mortgage servicing revenue if sustained. Mortgage Rates Jump Back Above 6% As Pending Home Sales, New Listings Post Small Improvements
• Negative Sentiment: Broader tech-sector layoffs (e.g., Block cutting thousands) highlight risk to employment/consumer confidence; a weaker jobs backdrop could damp mortgage demand and refinancing activity over time. Block Lays Off Thousands, Meta Could Be Next. Who Else Will Slash Jobs?

Rocket Companies Stock Performance

Shares of RKT stock opened at $14.62 on Friday. The stock has a fifty day moving average of $18.70 and a 200 day moving average of $18.62. Rocket Companies, Inc. has a 52 week low of $10.94 and a 52 week high of $24.36. The firm has a market capitalization of $30.77 billion, a price-to-earnings ratio of -112.47 and a beta of 2.30. The company has a quick ratio of 70.90, a current ratio of 70.90 and a debt-to-equity ratio of 1.07.

Rocket Companies (NYSE:RKT) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Rocket Companies had a negative net margin of 1.02% and a positive return on equity of 3.04%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 52.2% compared to the same quarter last year. As a group, research analysts expect that Rocket Companies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

RKT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Rocket Companies in a report on Monday, January 12th. They set a “neutral” rating and a $24.00 price target for the company. Compass Point assumed coverage on shares of Rocket Companies in a report on Tuesday, March 10th. They issued a “buy” rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of Rocket Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $20.00 to $22.00 in a research report on Monday. Wells Fargo & Company upped their price objective on shares of Rocket Companies from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, February 27th. Finally, Barclays set a $22.00 target price on shares of Rocket Companies and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.80.

Insider Buying and Selling at Rocket Companies

In other news, Director Matthew Rizik sold 2,500 shares of Rocket Companies stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $22.99, for a total transaction of $57,475.00. Following the sale, the director owned 1,038,536 shares of the company’s stock, valued at approximately $23,875,942.64. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 17,500 shares of company stock worth $360,225. Insiders own 92.64% of the company’s stock.

About Rocket Companies

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.