Key Points
- CAO Tai Thornock sold 1,100 shares on December 16 at an average price of $23.04, reducing her stake by 8.56% to 11,750 shares valued at about $270,720, with the transaction disclosed in an SEC filing.
- Finance of America shares trade around $23.08 with a market cap of $182.1 million and a negative P/E (-8.68); the one‑year range is $16.58–$32.40 and the 50‑ and 200‑day moving averages are ~$22.79 and $23.64 respectively.
- Institutional ownership is very high (about 97.2%), with several hedge funds (including Two Sigma, Tudor and Cooperman) adjusting positions recently, while analyst coverage is mixed and the consensus rating is "Hold" with a $29.75 price target.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) CAO Tai Thornock sold 1,100 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $23.04, for a total value of $25,344.00. Following the completion of the transaction, the chief accounting officer directly owned 11,750 shares of the company's stock, valued at $270,720. The trade was a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Finance of America Companies Stock Up 0.4%
FOA opened at $23.08 on Friday. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. The company has a market cap of $182.12 million, a price-to-earnings ratio of -8.68 and a beta of 1.62. Finance of America Companies Inc. has a one year low of $16.58 and a one year high of $32.40. The business's fifty day moving average is $22.79 and its two-hundred day moving average is $23.64.
Finance of America Companies (NYSE:FOA - Get Free Report) last released its quarterly earnings results on Friday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter. Analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.
Institutional Trading of Finance of America Companies
A number of hedge funds have recently added to or reduced their stakes in FOA. Tudor Investment Corp ET AL purchased a new stake in Finance of America Companies in the 3rd quarter valued at about $553,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company's stock worth $28,000 after acquiring an additional 822 shares during the period. Cooperman Leon G boosted its position in shares of Finance of America Companies by 0.8% in the third quarter. Cooperman Leon G now owns 1,286,040 shares of the company's stock worth $28,846,000 after acquiring an additional 10,628 shares during the last quarter. Two Sigma Investments LP grew its holdings in Finance of America Companies by 239.3% in the third quarter. Two Sigma Investments LP now owns 88,888 shares of the company's stock valued at $1,994,000 after purchasing an additional 62,687 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Finance of America Companies in the third quarter valued at approximately $475,000. 97.20% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FOA has been the topic of several research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Finance of America Companies in a research report on Monday. UBS Group set a $29.50 target price on Finance of America Companies and gave the company a "neutral" rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $29.75.
Check Out Our Latest Analysis on Finance of America Companies
About Finance of America Companies
(
Get Free Report)
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.
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