Urban Holdings L.L.C. Bto Sells 1,596,142 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Urban Holdings L.L.C. Bto also recently made the following trade(s):

• On Thursday, December 4th, Urban Holdings L.L.C. Bto sold 1,596,142 shares of Finance of America Companies stock. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00.

Finance of America Companies Stock Performance

NYSE FOA opened at $18.37 on Thursday. The company has a fifty day moving average price of $22.47 and a 200-day moving average price of $23.34. The firm has a market cap of $144.94 million, a price-to-earnings ratio of -6.91 and a beta of 1.65. The company has a debt-to-equity ratio of 51.28, a current ratio of 2.64 and a quick ratio of 2.64. Finance of America Companies Inc. has a 1 year low of $16.58 and a 1 year high of $29.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOA. Cooperman Leon G raised its holdings in shares of Finance of America Companies by 0.8% in the 3rd quarter. Cooperman Leon G now owns 1,286,040 shares of the company’s stock worth $28,846,000 after purchasing an additional 10,628 shares during the period. Beach Point Capital Management LP increased its position in Finance of America Companies by 557.5% in the fourth quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after buying an additional 669,336 shares during the last quarter. Invesco Ltd. purchased a new stake in Finance of America Companies in the third quarter worth $3,147,000. Geode Capital Management LLC raised its stake in shares of Finance of America Companies by 66.2% in the second quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock valued at $3,188,000 after buying an additional 54,429 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of Finance of America Companies by 239.3% during the 3rd quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock valued at $1,994,000 after buying an additional 62,687 shares during the last quarter. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. UBS Group set a $29.50 price target on Finance of America Companies and gave the company a “neutral” rating in a research report 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. According to data from MarketBeat, Finance of America Companies currently has a consensus rating of “Hold” and a consensus target price of $29.75.

Finance of America Companies Company Profile

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.