Davis Selected Advisers Purchases 7,180 Shares of Rocket Companies, Inc. (NYSE:RKT)

Davis Selected Advisers lifted its position in Rocket Companies, Inc. (NYSE:RKT) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,170,939 shares of the company’s stock after acquiring an additional 7,180 shares during the period. Davis Selected Advisers’ holdings in Rocket Companies were worth $35,705,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RKT. Capital Performance Advisors LLP bought a new position in shares of Rocket Companies in the 3rd quarter worth approximately $39,000. KBC Group NV raised its position in shares of Rocket Companies by 58.1% in the 4th quarter. KBC Group NV now owns 6,056 shares of the company’s stock worth $68,000 after acquiring an additional 2,226 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Rocket Companies in the 4th quarter worth approximately $135,000. International Assets Investment Management LLC increased its position in Rocket Companies by 3,429.7% during the 3rd quarter. International Assets Investment Management LLC now owns 7,377 shares of the company’s stock valued at $142,000 after buying an additional 7,168 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Rocket Companies during the 4th quarter valued at approximately $154,000. Institutional investors own 4.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price objective on Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley reduced their price objective on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. Barclays reduced their price objective on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods raised their price objective on Rocket Companies from $10.50 to $12.00 and gave the company an “underperform” rating in a research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, Rocket Companies presently has a consensus rating of “Hold” and a consensus target price of $13.83.

Rocket Companies Stock Performance

Shares of RKT opened at $15.76 on Friday. The company has a market cap of $31.43 billion, a price-to-earnings ratio of -98.47 and a beta of 2.39. Rocket Companies, Inc. has a 12 month low of $10.06 and a 12 month high of $21.38. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. The business’s fifty day simple moving average is $12.41 and its two-hundred day simple moving average is $15.02.

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.