Advantage Alpha Capital Partners LP Acquires 37,232 Shares of First Advantage Co. (NYSE:FA)

Advantage Alpha Capital Partners LP increased its holdings in First Advantage Co. (NYSE:FA - Free Report) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 269,096 shares of the company's stock after buying an additional 37,232 shares during the period. Advantage Alpha Capital Partners LP owned about 0.16% of First Advantage worth $5,040,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of FA. Vanguard Group Inc. increased its stake in shares of First Advantage by 48.0% in the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock worth $139,076,000 after acquiring an additional 2,409,233 shares during the last quarter. FMR LLC lifted its holdings in shares of First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company's stock valued at $111,161,000 after buying an additional 1,886,716 shares during the last quarter. American Century Companies Inc. increased its holdings in First Advantage by 337.3% in the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock worth $67,129,000 after buying an additional 2,764,534 shares during the last quarter. Boston Partners raised its holdings in shares of First Advantage by 2.3% during the 4th quarter. Boston Partners now owns 2,205,291 shares of the company's stock valued at $41,253,000 after purchasing an additional 50,240 shares in the last quarter. Finally, Cortland Associates Inc. MO bought a new stake in First Advantage in the fourth quarter worth $24,328,000. Institutional investors and hedge funds own 94.91% of the company's stock.

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First Advantage Price Performance

Shares of FA stock traded down $0.38 during mid-day trading on Friday, reaching $13.84. The company's stock had a trading volume of 113,083 shares, compared to its average volume of 653,227. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The firm's 50-day moving average is $16.80 and its two-hundred day moving average is $18.19. First Advantage Co. has a 1-year low of $12.55 and a 1-year high of $20.79. The company has a market cap of $2.40 billion, a P/E ratio of 463.00 and a beta of 1.21.

Wall Street Analysts Forecast Growth

FA has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. Finally, Barclays reduced their price target on shares of First Advantage from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.80.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.