RKT
LONGSHORTROCKET COS INC
News Summary
NeutralRocket Companies delivered a strong Q1 2026 earnings beat ($0.15 EPS vs. $0.12 consensus) with record adjusted EBITDA of $738M and raised Q2 guidance, driven by successful integration of Mr. Cooper and Redfin acquisitions and AI-powered efficiency gains. However, the company faces a near-term earnings headwind with Q2 EPS guidance implying a loss, a missed SEC 10-Q filing deadline, and persistent macro pressure from elevated mortgage rates above 6% that threaten origination volumes.
Red flags
- •Missed SEC 10-Q filing deadline (May 12, 2026) — regulatory compliance issue
- •Q2 2026 EPS expected at -$0.02 (loss) despite record Q1 profitability — sharp deterioration signaling softer demand
- •Mortgage rates above 6% pressuring origination and refinancing businesses; investor home purchases at five-year low
- •9 analysts recently downward-revised full-year 2026 EPS guidance ($0.72 target)
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| ValueAct Holdings | Mason Morfit | 28.2M | +28.2M | $402.1B | — | NEW |
| Durable Capital Partners | Henry Ellenbogen | 19.3M | +19.3M | $275.1B | — | NEW |
| Point72 | Steve Cohen | 11.1M | +11.1M | $158.5B | — | NEW |
| Soros Fund Management | Soros Family Office | 13K | +13K | $192M | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Soros Fund Management | Soros Family Office | 13K | -30,399 | $192M | -69% | Existing |
| Coatue Management | Philippe Laffont | 0 | — | — | -100% | EXITED |
| Third Point | Dan Loeb | 0 | — | — | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter.