Renaissance Technologies LLC Boosts Stock Holdings in Finance of America Companies Inc. (NYSE:FOA)

Renaissance Technologies LLC lifted its holdings in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) by 600.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,495 shares of the company's stock after acquiring an additional 76,719 shares during the period. Renaissance Technologies LLC owned approximately 0.90% of Finance of America Companies worth $2,517,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FOA. National Bank of Canada FI acquired a new position in Finance of America Companies in the fourth quarter valued at approximately $52,000. Geode Capital Management LLC boosted its holdings in Finance of America Companies by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 79,123 shares of the company's stock worth $2,226,000 after buying an additional 2,207 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Finance of America Companies during the fourth quarter valued at $369,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Finance of America Companies during the 4th quarter valued at about $562,000. Finally, American Century Companies Inc. purchased a new stake in shares of Finance of America Companies in the fourth quarter valued at approximately $781,000. 97.20% of the stock is owned by institutional investors and hedge funds.

Finance of America Companies Trading Up 3.7 %

Shares of FOA stock traded up $0.73 during trading on Tuesday, hitting $20.43. 25,344 shares of the stock traded hands, compared to its average volume of 82,925. Finance of America Companies Inc. has a 52-week low of $4.10 and a 52-week high of $32.40. The firm has a market capitalization of $218.88 million, a P/E ratio of 1.75 and a beta of 1.31. The firm's fifty day moving average price is $20.95 and its 200-day moving average price is $21.68. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80.

Finance of America Companies (NYSE:FOA - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.24). The company had revenue of ($105.62) million during the quarter, compared to analysts' expectations of $80.61 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. As a group, research analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FOA has been the subject of a number of research reports. UBS Group dropped their target price on shares of Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Raymond James boosted their target price on Finance of America Companies from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, March 25th.

Finance of America Companies Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.