Finance of America Companies (NYSE:FOA) Shares Up 4.6% – Time to Buy?

Finance of America Companies Inc. (NYSE:FOA)’s share price was up 4.6% on Tuesday . The company traded as high as $10.95 and last traded at $10.77. Approximately 3,633 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 21,528 shares. The stock had previously closed at $10.30.

Analysts Set New Price Targets

Separately, UBS Group dropped their target price on 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 Stock Up 7.7 %

The stock has a market capitalization of $1.10 billion, a PE ratio of -8.45 and a beta of 1.08. 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 50-day moving average is $9.24 and its 200 day moving average is $7.28.

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

Institutional Trading of Finance of America Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies in the second quarter worth about $43,000. AQR Capital Management LLC acquired a new position in Finance of America Companies in the 2nd quarter worth approximately $41,000. Finally, Renaissance Technologies LLC raised its position in Finance of America Companies by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

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.