Aigen Investment Management LP Has $479,000 Holdings in Rocket Companies, Inc. (NYSE:RKT)

Aigen Investment Management LP boosted its position in shares of Rocket Companies, Inc. (NYSE:RKT) by 38.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,978 shares of the company’s stock after acquiring an additional 6,922 shares during the period. Aigen Investment Management LP’s holdings in Rocket Companies were worth $479,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Entropy Technologies LP acquired a new stake in shares of Rocket Companies in the third quarter worth $875,000. Versor Investments LP bought a new stake in Rocket Companies in the 3rd quarter valued at $223,000. Los Angeles Capital Management LLC acquired a new stake in Rocket Companies in the 3rd quarter worth $3,655,000. State of New Jersey Common Pension Fund D acquired a new stake in Rocket Companies in the 3rd quarter worth $1,832,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Rocket Companies during the 3rd quarter worth about $39,000. 4.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group reduced their price objective on Rocket Companies from $14.00 to $12.50 and set a “sell” rating for the company in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Rocket Companies from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays dropped their price objective on shares of Rocket Companies from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday. Morgan Stanley started coverage on Rocket Companies in a research report on Tuesday, November 5th. They issued an “equal weight” rating and a $18.00 price target on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.13.

Rocket Companies Stock Performance

RKT stock opened at $13.66 on Friday. Rocket Companies, Inc. has a twelve month low of $8.81 and a twelve month high of $21.38. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.27. The company has a market cap of $27.17 billion, a P/E ratio of -85.88 and a beta of 2.46. The business’s fifty day moving average is $17.78 and its 200-day moving average is $16.27.

Rocket Companies (NYSE:RKT) last issued its earnings results on Tuesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $647.00 million for the quarter, compared to analysts’ expectations of $1.25 billion. Rocket Companies had a positive return on equity of 2.84% and a negative net margin of 0.38%. The company’s revenue was down 46.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) earnings per share. Equities research analysts forecast that Rocket Companies, Inc. will post 0.22 EPS for the current year.

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.