Rocket Companies, Inc. (NYSE:RKT) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co lessened its holdings in Rocket Companies, Inc. (NYSE:RKT) by 19.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,035 shares of the company’s stock after selling 17,465 shares during the period. Missouri Trust & Investment Co’s holdings in Rocket Companies were worth $1,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Rocket Companies during the 3rd quarter worth $39,000. Blue Trust Inc. purchased a new stake in Rocket Companies in the second quarter valued at $61,000. Quarry LP lifted its position in Rocket Companies by 858.8% in the second quarter. Quarry LP now owns 4,353 shares of the company’s stock valued at $60,000 after acquiring an additional 3,899 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Rocket Companies during the first quarter worth about $77,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Rocket Companies during the third quarter worth about $120,000. Hedge funds and other institutional investors own 4.59% of the company’s stock.

Rocket Companies Price Performance

Shares of Rocket Companies stock remained flat at $15.75 during trading hours on Tuesday. 648,976 shares of the stock traded hands, compared to its average volume of 2,811,146. Rocket Companies, Inc. has a 52 week low of $7.99 and a 52 week high of $21.38. The firm has a fifty day moving average price of $17.98 and a two-hundred day moving average price of $16.26. The firm has a market cap of $31.33 billion, a P/E ratio of 224.86 and a beta of 2.46. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.27.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RKT. Royal Bank of Canada boosted their price target on shares of Rocket Companies from $16.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 11th. Morgan Stanley began coverage on shares of Rocket Companies in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $18.00 price target on the stock. Wedbush boosted their price target on shares of Rocket Companies from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. UBS Group boosted their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the stock a “sell” rating in a research note on Monday, September 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Rocket Companies from an “underperform” rating to a “market perform” rating in a research note on Monday, August 5th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.15.

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.