O Shaughnessy Asset Management LLC Takes $369,000 Position in Finance of America Companies Inc. (NYSE:FOA)

O Shaughnessy Asset Management LLC purchased a new position in Finance of America Companies Inc. (NYSE:FOA) during the 4th quarter, Holdings Channel reports. The fund purchased 13,122 shares of the company’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nkcfo LLC bought a new position in Finance of America Companies in the 4th quarter worth about $815,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Finance of America Companies in the fourth quarter valued at approximately $562,000. Arrowstreet Capital Limited Partnership bought a new position in Finance of America Companies in the fourth quarter worth approximately $984,000. Finally, American Century Companies Inc. purchased a new position in Finance of America Companies during the 4th quarter worth $781,000. Institutional investors own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James upped 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 Price Performance

Shares of FOA opened at $18.47 on Friday. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The company has a 50 day moving average price of $22.14 and a 200-day moving average price of $20.91. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The stock has a market capitalization of $197.85 million, a PE ratio of 1.58 and a beta of 1.31.

Finance of America Companies (NYSE:FOA) last announced 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). Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The company had revenue of ($105.62) million during the quarter, compared to analysts’ expectations of $80.61 million. Equities analysts predict that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

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.