CenterBook Partners LP Has $3.66 Million Stock Holdings in First Advantage Co. (NYSE:FA)

CenterBook Partners LP lifted its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 57.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,324 shares of the company's stock after acquiring an additional 71,560 shares during the quarter. CenterBook Partners LP owned 0.11% of First Advantage worth $3,658,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Holding SA purchased a new position in First Advantage in the fourth quarter valued at about $210,000. Brighton Jones LLC purchased a new stake in shares of First Advantage during the fourth quarter worth about $257,000. Truist Financial Corp lifted its stake in shares of First Advantage by 37.4% in the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after acquiring an additional 5,197 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in First Advantage during the 4th quarter worth approximately $375,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FA has been the topic of several research analyst reports. BMO Capital Markets reduced 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 reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Barclays restated an "equal weight" rating and set a $15.00 price objective (down from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.80.

Remove Ads

First Advantage Stock Down 3.6 %

First Advantage stock traded down $0.54 during trading hours on Tuesday, hitting $14.47. The company had a trading volume of 546,548 shares, compared to its average volume of 733,500. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The firm's fifty day moving average is $15.49 and its 200-day moving average is $17.65. The firm has a market capitalization of $2.51 billion, a P/E ratio of 482.33 and a beta of 1.20.

About First Advantage

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.