XTX Topco Ltd Grows Position in Finance of America Companies Inc. (NYSE:FOA)

Key Points

• XTX Topco Ltd increased its holdings in Finance of America Companies by 161.4%, owning approximately 0.19% of the company valued at $422,000 at the end of the most recent quarter.
• Several other large investors have also recently adjusted their positions, with Bastion Asset Management owning 219,379 shares worth $4.93 million after a 17.3% increase in holdings.
• Finance of America Companies reported an EPS of $0.55 for the most recent quarter, missing analyst estimates of $0.61, despite revenue exceeding expectations at $177.38 million.

XTX Topco Ltd increased its position in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) by 161.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,830 shares of the company's stock after acquiring an additional 12,243 shares during the quarter. XTX Topco Ltd owned about 0.19% of Finance of America Companies worth $422,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FOA. Bastion Asset Management Inc. acquired a new stake in Finance of America Companies during the 4th quarter worth $4,850,000. Renaissance Technologies LLC raised its holdings in Finance of America Companies by 600.5% during the 4th quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock worth $2,517,000 after buying an additional 76,719 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Finance of America Companies during the 4th quarter worth approximately $984,000. American Century Companies Inc. acquired a new stake in Finance of America Companies during the 4th quarter worth approximately $781,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Finance of America Companies during the 4th quarter worth approximately $630,000. Institutional investors and hedge funds own 97.20% of the company's stock.

Finance of America Companies Trading Down 3.4%

NYSE:FOA traded down $1.01 on Wednesday, reaching $28.22. 73,812 shares of the stock traded hands, compared to its average volume of 114,521. The firm has a market capitalization of $312.06 million, a price-to-earnings ratio of 4.62 and a beta of 1.45. The company's 50 day moving average is $23.11 and its 200-day moving average is $22.29. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 47.08. Finance of America Companies Inc. has a 1-year low of $7.00 and a 1-year high of $32.40.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.06). The business had revenue of $177.38 million during the quarter, compared to analyst estimates of $97.05 million. Equities research analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

FOA has been the subject of several research reports. Wall Street Zen cut shares of Finance of America Companies from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. UBS Group reaffirmed a "neutral" rating and set a $25.00 price target (up from $22.50) on shares of Finance of America Companies in a research note on Tuesday, July 15th.

Finance of America Companies Company 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.