103,800 Shares in Rocket Companies, Inc. $RKT Acquired by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC bought a new position in Rocket Companies, Inc. (NYSE:RKT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 103,800 shares of the company’s stock, valued at approximately $1,472,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Rocket Companies by 82.4% during 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Rocket Companies during the first quarter worth about $281,000. Mather Group LLC. boosted its stake in Rocket Companies by 312.2% in the 1st quarter. Mather Group LLC. now owns 2,601 shares of the company’s stock worth $31,000 after buying an additional 1,970 shares during the last quarter. Bank of New York Mellon Corp boosted 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 worth $14,042,000 after buying an additional 694,779 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings 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. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Rocket Companies from $17.00 to $20.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Bank of America raised shares of Rocket Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Wednesday, September 10th. BTIG Research reaffirmed a “buy” rating and set a $25.00 price target on shares of Rocket Companies in a research note on Friday, October 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Rocket Companies in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rocket Companies in a report on Monday, October 13th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.58.

Rocket Companies Stock Up 4.4%

Shares of Rocket Companies stock opened at $16.64 on Monday. Rocket Companies, Inc. has a twelve month low of $10.06 and a twelve month high of $22.56. The stock has a market cap of $35.01 billion, a price-to-earnings ratio of 207.96 and a beta of 2.21. The company has a current ratio of 19.68, a quick ratio of 18.74 and a debt-to-equity ratio of 2.16. The company has a fifty day moving average price of $18.46 and a 200 day moving average price of $15.68.

Rocket Companies (NYSE:RKT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Rocket Companies had a positive return on equity of 2.83% and a negative net margin of 1.77%.The firm’s revenue was up 148.1% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. Rocket Companies has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Rocket Companies, Inc. will post 0.15 earnings per share for the current fiscal year.

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.