Kingfisher Capital LLC grew its holdings in shares of Rocket Corporations, Inc. (NYSE:RKT – Get Ranking) by 12.8% in the course of the fourth quarter, in keeping with its most up-to-date Type 13F submitting with the SEC. The agency owned 151,789 shares of the corporate’s inventory after buying a further 17,196 shares in the course of the interval. Kingfisher Capital LLC’s holdings in Rocket Corporations had been value $1,063,000 on the finish of the newest reporting interval.
→ Financial institution Accounts: Frozen! (From Weiss Scores)
Plenty of different massive traders additionally lately modified their holdings of RKT. Ancora Advisors LLC purchased a brand new place in Rocket Corporations in the course of the first quarter valued at about $81,000. FMR LLC boosted its stake in Rocket Corporations by 134.7% in the course of the second quarter. FMR LLC now owns 3,598 shares of the corporate’s inventory valued at $26,000 after shopping for a further 2,065 shares within the final quarter. US Bancorp DE boosted its stake in Rocket Corporations by 341.4% in the course of the first quarter. US Bancorp DE now owns 4,414 shares of the corporate’s inventory valued at $49,000 after shopping for a further 3,414 shares within the final quarter. Captrust Monetary Advisors boosted its stake in Rocket Corporations by 178.2% in the course of the second quarter. Captrust Monetary Advisors now owns 4,451 shares of the corporate’s inventory valued at $33,000 after shopping for a further 2,851 shares within the final quarter. Lastly, Mitsubishi UFJ Belief & Banking Corp purchased a brand new place in Rocket Corporations in the course of the first quarter valued at about $52,000. 3.99% of the inventory is owned by institutional traders and hedge funds.
Analysts Set New Value Targets
A number of brokerages lately weighed in on RKT. Citigroup raised their goal worth on Rocket Corporations from $7.00 to $8.00 and gave the corporate a “impartial” score in a analysis notice on Wednesday, March 1st. Barclays elevated their worth goal on Rocket Corporations from $4.50 to $6.00 in a analysis report on Friday, January sixth. JPMorgan Chase & Co. elevated their worth goal on Rocket Corporations from $7.00 to $8.00 in a analysis report on Tuesday, January tenth. Wells Fargo & Firm elevated their worth goal on Rocket Corporations from $7.00 to $10.00 and gave the corporate an “obese” score in a analysis report on Tuesday, December sixth. Lastly, Credit score Suisse Group reiterated an “underperform” score and issued a $7.00 worth goal on shares of Rocket Corporations in a analysis report on Thursday, March 2nd. Three equities analysis analysts have rated the inventory with a promote score, six have given a maintain score and one has issued a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat, Rocket Corporations has a consensus score of “Maintain” and a consensus worth goal of $7.67.
Rocket Corporations Buying and selling Up 6.5 %
Shares of NYSE RKT opened at $8.86 on Friday. Rocket Corporations, Inc. has a one 12 months low of $5.97 and a one 12 months excessive of $11.70. The agency has a market capitalization of $17.49 billion, a PE ratio of 27.69 and a beta of two.05. The corporate has a present ratio of 10.67, a fast ratio of 10.67 and a debt-to-equity ratio of 0.97. The enterprise has a 50-day transferring common worth of $8.75 and a two-hundred day transferring common worth of $7.83.
About Rocket Corporations
(Get Ranking)
Rocket Corporations, Inc, a fintech holding firm, offers mortgage lending, title and settlement companies, and different monetary expertise companies in the USA and Canada. It operates via two segments, Direct to Shopper and Associate Community. The corporate’s options embrace Rocket Mortgage, a mortgage lender; Amrock that gives title insurance coverage, property valuation, and settlement companies; Rocket Houses, a house search platform and actual property agent referral community, which gives technology-enabled companies to assist the house shopping for and promoting expertise; Rocket Auto, an automotive retail market that gives centralized and digital automotive gross sales assist to on-line automotive buying platforms; and Rocket Loans, an online-based private loans enterprise.
See Additionally
Wish to see what different hedge funds are holding RKT? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Rocket Corporations, Inc. (NYSE:RKT – Get Ranking).
This instantaneous information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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