Renaissance Technologies LLC Increases Stake in Finance of America Companies Inc. (NYSE:FOA)

Renaissance Technologies LLC increased its holdings in Finance of America Companies Inc. (NYSE:FOA - Free Report) by 600.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,495 shares of the company's stock after purchasing 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.

A number of other hedge funds also recently bought and sold shares of FOA. National Bank of Canada FI purchased a new stake in shares of Finance of America Companies in the fourth quarter valued at $52,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Finance of America Companies during the fourth quarter valued at approximately $369,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Finance of America Companies in the fourth quarter worth approximately $562,000. American Century Companies Inc. bought a new stake in shares of Finance of America Companies during the 4th quarter worth approximately $781,000. Finally, Nkcfo LLC purchased a new position in Finance of America Companies during the 4th quarter valued at $815,000. Hedge funds and other institutional investors own 97.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Raymond James boosted their target price on shares of Finance of America Companies from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, March 25th. UBS Group decreased their price target on shares of Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th.

Finance of America Companies Stock Down 0.1 %

Shares of NYSE:FOA traded down $0.02 during trading hours on Wednesday, hitting $20.81. The company's stock had a trading volume of 84,677 shares, compared to its average volume of 83,656. The firm's fifty day moving average price is $20.86 and its 200 day moving average price is $21.66. Finance of America Companies Inc. has a 52 week low of $4.10 and a 52 week high of $32.40. The company has a market capitalization of $222.92 million, a price-to-earnings ratio of 1.78 and a beta of 1.31. 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 posted its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.24). The company had revenue of ($105.62) million for the quarter, compared to analysts' expectations of $80.61 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. As a group, research analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current year.

About Finance of America Companies

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.