First Advantage Co. (NYSE:FA) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lowered its stake in First Advantage Co. (NYSE:FA - Free Report) by 33.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 231,864 shares of the company's stock after selling 114,417 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.16% of First Advantage worth $4,602,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of First Advantage by 50.8% in the third quarter. FMR LLC now owns 5,600,026 shares of the company's stock valued at $111,161,000 after acquiring an additional 1,886,716 shares in the last quarter. Boston Partners boosted its stake in First Advantage by 155.3% during the 1st quarter. Boston Partners now owns 1,713,935 shares of the company's stock worth $27,841,000 after purchasing an additional 1,042,473 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of First Advantage during the second quarter worth $12,906,000. Jennison Associates LLC acquired a new stake in shares of First Advantage in the third quarter valued at about $6,628,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of First Advantage by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company's stock worth $50,314,000 after buying an additional 254,219 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company's stock.

First Advantage Trading Down 0.8 %

Shares of First Advantage stock traded down $0.16 during trading hours on Tuesday, hitting $19.73. The company's stock had a trading volume of 1,173,761 shares, compared to its average volume of 534,018. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 657.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. First Advantage Co. has a twelve month low of $13.88 and a twelve month high of $20.79. The firm has a fifty day moving average of $18.99 and a 200-day moving average of $17.72.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The company had revenue of $199.10 million for the quarter, compared to analysts' expectations of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. Research analysts forecast that First Advantage Co. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FA shares. Citigroup increased their price objective on shares of First Advantage from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Wednesday, November 13th. Wolfe Research downgraded First Advantage from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Royal Bank of Canada began coverage on First Advantage in a report on Friday, November 15th. They issued an "outperform" rating and a $22.00 target price for the company. Finally, William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, First Advantage currently has a consensus rating of "Moderate Buy" and an average price target of $58.83.

First Advantage 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.