Rocket Companies, Inc. (NYSE:RKT) Shares Sold by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC decreased its position in Rocket Companies, Inc. (NYSE:RKT) by 7.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,450 shares of the company’s stock after selling 2,695 shares during the period. Intrinsic Value Partners LLC’s holdings in Rocket Companies were worth $623,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Rocket Companies during the 3rd quarter valued at about $39,000. Blue Trust Inc. acquired a new stake in Rocket Companies in the second quarter valued at approximately $61,000. Quarry LP grew its holdings in Rocket Companies by 858.8% in the second quarter. Quarry LP now owns 4,353 shares of the company’s stock valued at $60,000 after purchasing an additional 3,899 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Rocket Companies in the first quarter valued at approximately $77,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Rocket Companies during the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies Trading Down 1.4 %

RKT opened at $15.87 on Monday. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 226.75 and a beta of 2.46. The company’s 50 day simple moving average is $18.06 and its two-hundred day simple moving average is $16.24. Rocket Companies, Inc. has a 1-year low of $7.85 and a 1-year high of $21.38. The company has a debt-to-equity ratio of 1.27, a current ratio of 13.18 and a quick ratio of 13.18.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Rocket Companies from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lifted their target price on shares of Rocket Companies from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Monday, October 7th. UBS Group boosted their target price on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “sell” rating in a research note on Monday, September 16th. Bank of America raised their price target on shares of Rocket Companies from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company boosted their price objective on Rocket Companies from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.15.

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.