Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 5.8% in October

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 67,300 shares, an increase of 5.8% from the October 15th total of 63,600 shares. Currently, 1.9% of the company's stock are sold short. Based on an average daily trading volume, of 34,500 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Finance of America Companies in the second quarter valued at approximately $43,000. AQR Capital Management LLC purchased a new stake in shares of Finance of America Companies during the 2nd quarter valued at approximately $41,000. Finally, Renaissance Technologies LLC increased its position 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 worth $55,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price target on Finance of America Companies from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, September 5th.

Finance of America Companies Stock Performance

Shares of FOA traded down $3.56 during trading hours on Tuesday, reaching $23.74. 422,602 shares of the company traded hands, compared to its average volume of 27,142. The stock has a market capitalization of $235.64 million, a P/E ratio of 2.03 and a beta of 1.07. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The business has a fifty day moving average price of $12.91 and a 200-day moving average price of $8.87. Finance of America Companies has a 12-month low of $4.10 and a 12-month high of $27.89.

Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.54. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The company had revenue of $290.07 million for the quarter, compared to the consensus estimate of $72.00 million. During the same quarter in the prior year, the company earned ($1.40) EPS. Equities analysts anticipate that Finance of America Companies will post 0.11 EPS for the current fiscal year.

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.