Finance of America Companies (NYSE:FOA) Shares Up 2.7%

Finance of America Companies Inc. (NYSE:FOA) shares were up 2.7% during mid-day trading on Tuesday . The stock traded as high as $7.48 and last traded at $7.48. Approximately 3,319 shares changed hands during trading, a decline of 82% from the average daily volume of 18,910 shares. The stock had previously closed at $7.28.

Wall Street Analyst Weigh In

Separately, UBS Group lowered 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 report on Thursday.

Finance of America Companies Stock Performance

The company has a market cap of $96.72 million, a P/E ratio of -8.29 and a beta of 1.05. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 71.55. The business has a fifty day simple moving average of $6.80 and a two-hundred day simple moving average of $6.77.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.15. The business had revenue of $79.04 million during the quarter, compared to the consensus estimate of $66.00 million. During the same quarter last year, the company earned ($0.15) EPS. On average, sell-side analysts anticipate that Finance of America Companies Inc. will post 0.11 EPS for the current year.

Institutional Trading of Finance of America Companies

Hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies during the 2nd quarter valued at $43,000. AQR Capital Management LLC bought a new stake in Finance of America Companies during the second quarter valued at about $41,000. Finally, Renaissance Technologies LLC lifted its position in shares of Finance of America Companies by 2.7% in the second 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. Institutional investors own 97.20% of the company’s stock.

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.