Point72 Asset Management L.P. purchased a new stake in shares of Foley Trasimene Acquisition Corp. (NYSE:WPF) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,600,000 shares of the company’s stock, valued at approximately $36,144,000. Point72 Asset Management L.P. owned approximately 2.78% of Foley Trasimene Acquisition as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbrook Capital Advisors LP bought a new stake in shares of Foley Trasimene Acquisition during the 1st quarter worth $45,852,000. Greenlight Capital Inc. bought a new stake in shares of Foley Trasimene Acquisition during the 1st quarter worth $16,666,000. Corsair Capital Management L.P. boosted its stake in shares of Foley Trasimene Acquisition by 13,430.3% during the 1st quarter. Corsair Capital Management L.P. now owns 1,653,947 shares of the company’s stock worth $16,606,000 after acquiring an additional 1,641,723 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Foley Trasimene Acquisition during the 4th quarter worth $12,963,000. Finally, Weiss Asset Management LP bought a new stake in shares of Foley Trasimene Acquisition during the 1st quarter worth $10,868,000. 56.93% of the stock is owned by hedge funds and other institutional investors.
WPF opened at $9.00 on Thursday. The firm has a fifty day simple moving average of $9.98. Foley Trasimene Acquisition Corp. has a 12-month low of $9.58 and a 12-month high of $14.51.
Separately, DA Davidson assumed coverage on Foley Trasimene Acquisition in a research note on Tuesday, April 27th. They set a “buy” rating and a $20.00 price objective for the company.
Foley Trasimene Acquisition Company Profile
Foley Trasimene Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on identifying a prospective target business in financial technology or business process outsourcing.
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