Grantham Mayo Van Otterloo & Co. LLC grew its stake in Rocket Corporations, Inc. (NYSE:RKT – Get Score) by 7.2% within the third quarter, in response to the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The agency owned 23,700 shares of the corporate’s inventory after shopping for an extra 1,600 shares through the interval. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Rocket Corporations had been value $150,000 as of its most up-to-date submitting with the Securities and Trade Fee.
Various different hedge funds additionally lately made modifications to their positions in RKT. MQS Administration LLC purchased a brand new stake in Rocket Corporations within the third quarter valued at roughly $108,000. Boston Companions purchased a brand new place in Rocket Corporations through the third quarter value $28,000. USS Funding Administration Ltd raised its stake in Rocket Corporations by 40.3% through the third quarter. USS Funding Administration Ltd now owns 82,771 shares of the corporate’s inventory value $523,000 after shopping for an extra 23,787 shares over the past quarter. State Board of Administration of Florida Retirement System boosted its place in Rocket Corporations by 11.5% through the third quarter. State Board of Administration of Florida Retirement System now owns 100,207 shares of the corporate’s inventory valued at $633,000 after buying an extra 10,371 shares over the past quarter. Lastly, Treasurer of the State of North Carolina grew its holdings in Rocket Corporations by 310.6% through the third quarter. Treasurer of the State of North Carolina now owns 273,525 shares of the corporate’s inventory value $1,729,000 after buying an extra 206,913 shares through the interval. 3.99% of the inventory is presently owned by institutional buyers.
Rocket Corporations Buying and selling Down 3.5 %
RKT opened at $8.70 on Friday. Rocket Corporations, Inc. has a fifty-two week low of $5.97 and a fifty-two week excessive of $14.31. The agency has a market capitalization of $17.14 billion, a PE ratio of 11.15 and a beta of two.02. The corporate has a debt-to-equity ratio of 1.09, a present ratio of 11.69 and a fast ratio of 11.69. The corporate’s 50-day transferring common is $8.39 and its 200 day transferring common is $8.03.
Insiders Place Their Bets
In associated information, CEO Jay Farner purchased 23,600 shares of the corporate’s inventory in a transaction dated Thursday, December eighth. The shares had been purchased at a median value of $8.45 per share, for a complete transaction of $199,420.00. Following the completion of the acquisition, the chief govt officer now straight owns 5,795,207 shares of the corporate’s inventory, valued at $48,969,499.15. The acquisition was disclosed in a doc filed with the SEC, which is on the market at this hyperlink. Within the final ninety days, insiders bought 177,500 shares of firm inventory valued at $1,413,965. Company insiders personal 94.01% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Various brokerages have lately issued reviews on RKT. Barclays boosted their value goal on Rocket Corporations from $4.50 to $6.00 in a analysis notice on Friday, January sixth. Wells Fargo & Firm raised their value goal on shares of Rocket Corporations from $7.00 to $10.00 and gave the inventory an “obese” score in a analysis report on Tuesday, December sixth. Credit score Suisse Group downgraded shares of Rocket Corporations from a “impartial” score to an “underperform” score and set a $7.00 goal value on the inventory. in a analysis report on Monday, January ninth. Argus minimize shares of Rocket Corporations from a “maintain” score to a “promote” score in a report on Wednesday, November sixteenth. Lastly, Morgan Stanley decreased their value goal on shares of Rocket Corporations from $7.00 to $6.50 and set an “equal weight” score for the corporate in a analysis notice on Friday, November 4th. 4 analysts have rated the inventory with a promote score, six have issued a maintain score and one has issued a purchase score to the corporate’s inventory. In accordance with knowledge from MarketBeat.com, Rocket Corporations has a median score of “Maintain” and a consensus goal value of $7.96.
Rocket Corporations Firm Profile
Rocket Corporations, Inc, a fintech holding firm, supplies mortgage lending, title and settlement companies, and different monetary know-how companies in america and Canada. It operates via two segments, Direct to Client and Companion Community. The corporate’s options embrace Rocket Mortgage, a mortgage lender; Amrock that gives title insurance coverage, property valuation, and settlement companies; Rocket Properties, a house search platform and actual property agent referral community, which gives technology-enabled companies to help the house shopping for and promoting expertise; Rocket Auto, an automotive retail market that gives centralized and digital automobile gross sales help to on-line automobile buying platforms; and Rocket Loans, an online-based private loans enterprise.
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