Northern Trust Corp Purchases 302,883 Shares of Rocket Fuel Inc (FUEL)

Northern Trust Corp boosted its position in Rocket Fuel Inc (NASDAQ:FUEL) by 438.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,963 shares of the technology company’s stock after purchasing an additional 302,883 shares during the period. Northern Trust Corp owned 0.80% of Rocket Fuel worth $1,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FUEL. Rhumbline Advisers bought a new stake in shares of Rocket Fuel in the 2nd quarter valued at about $104,000. California Public Employees Retirement System bought a new stake in shares of Rocket Fuel in the 1st quarter valued at about $266,000. Teachers Advisors LLC bought a new stake in shares of Rocket Fuel in the 2nd quarter valued at about $177,000. TIAA CREF Investment Management LLC bought a new stake in shares of Rocket Fuel in the 2nd quarter valued at about $268,000. Finally, Concourse Capital Management LLC grew its position in shares of Rocket Fuel by 2.2% in the 2nd quarter. Concourse Capital Management LLC now owns 104,754 shares of the technology company’s stock valued at $288,000 after buying an additional 2,220 shares during the last quarter. 40.42% of the stock is owned by institutional investors and hedge funds.

Shares of Rocket Fuel Inc (NASDAQ:FUEL) opened at $2.60 on Thursday. Rocket Fuel Inc has a 52-week low of $1.70 and a 52-week high of $5.90. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.09.

A number of research firms have commented on FUEL. ValuEngine lowered Rocket Fuel from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Oppenheimer reiterated an “outperform” rating and issued a $4.00 price target on shares of Rocket Fuel in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Rocket Fuel currently has a consensus rating of “Hold” and a consensus target price of $4.38.

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About Rocket Fuel

Rocket Fuel Inc is a technology company, which offers a Programmatic Marketing Platform that is designed for helping marketers and their agencies to connect with consumers through digital media. The Company’s service offerings are organized around platforms, including Data Management Platform (DMP) and Demand Side Platform (DSP), which are used by customers themselves or integrating with other customer relationship management or marketing platforms, and together in various permutations as its Programmatic Marketing Platform.

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Institutional Ownership by Quarter for Rocket Fuel (NASDAQ:FUEL)

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