111 Capital Sells 9,583 Shares of Rocket Companies, Inc. $RKT

111 Capital reduced its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 40.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,207 shares of the company’s stock after selling 9,583 shares during the period. 111 Capital’s holdings in Rocket Companies were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RKT. Bank of New York Mellon Corp increased its holdings in Rocket Companies by 148.3% during 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 purchasing an additional 694,779 shares during the period. Lincoln Capital Corp increased its holdings in Rocket Companies by 304.1% during the 2nd quarter. Lincoln Capital Corp now owns 270,614 shares of the company’s stock worth $3,837,000 after purchasing an additional 203,639 shares during the period. Woodline Partners LP purchased a new position in Rocket Companies during the 1st quarter worth $5,381,000. Charles Schwab Investment Management Inc. increased its holdings in Rocket Companies by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,266,399 shares of the company’s stock worth $15,285,000 after purchasing an additional 103,156 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in Rocket Companies during the 1st quarter worth $310,000. 4.59% of the stock is owned by institutional investors.

Rocket Companies Stock Down 3.8%

Rocket Companies stock opened at $16.29 on Wednesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 18.74 and a quick ratio of 18.74. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of -325.80 and a beta of 2.23. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $22.56. The business has a fifty day moving average price of $18.72 and a 200-day moving average price of $15.17.

Rocket Companies (NYSE:RKT) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Rocket Companies had a positive return on equity of 3.18% and a negative net margin of 0.01%.The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. Rocket Companies has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Rocket Companies, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RKT has been the topic of several research reports. Morgan Stanley raised their price objective on Rocket Companies from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Jefferies Financial Group raised their price objective on Rocket Companies from $11.50 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded Rocket Companies from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Rocket Companies in a report on Saturday, September 27th. Finally, UBS Group set a $16.00 price target on Rocket Companies and gave the company a “neutral” rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.88.

About Rocket Companies

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.