Finance of America Companies (NYSE:FOA) Shares Up 5.2%

Finance of America Companies Inc. (NYSE:FOA) shares shot up 5.2% during mid-day trading on Monday . The stock traded as high as $11.52 and last traded at $11.52. 6,096 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 21,769 shares. The stock had previously closed at $10.95.

Analysts Set New Price Targets

Separately, UBS Group cut their price objective on shares of Finance of America Companies from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th.

Finance of America Companies Price Performance

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -9.05 and a beta of 1.05. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 71.55. The company’s fifty day moving average is $8.59 and its two-hundred day moving average is $7.04.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.15. The company had revenue of $79.04 million for the quarter, compared to analyst estimates of $66.00 million. During the same period in the previous year, the business posted ($0.15) earnings per share. As a group, research analysts predict that Finance of America Companies Inc. will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of Finance of America Companies in the 2nd quarter valued at $41,000. Renaissance Technologies LLC grew its holdings in shares of Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Finance of America Companies in the 2nd quarter worth about $43,000. 97.20% of the stock is currently owned by institutional investors.

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.