First Advantage Co. (NYSE:FA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in First Advantage Co. (NYSE:FA - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,653 shares of the company's stock after acquiring an additional 85,073 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.29% of First Advantage worth $9,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in First Advantage by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 39,510 shares of the company's stock valued at $784,000 after buying an additional 3,249 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of First Advantage during the 3rd quarter valued at about $298,000. Jennison Associates LLC acquired a new position in First Advantage in the third quarter valued at approximately $6,628,000. Intech Investment Management LLC purchased a new stake in First Advantage during the third quarter worth $250,000. Finally, FMR LLC grew its position 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 acquiring an additional 1,886,716 shares during the period. 94.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on FA. 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 research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Finally, BMO Capital Markets reduced their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.67.

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First Advantage Trading Up 1.4 %

FA traded up $0.20 on Wednesday, hitting $14.21. The company had a trading volume of 900,558 shares, compared to its average volume of 655,083. The company's fifty day moving average price is $16.95 and its 200 day moving average price is $18.25. First Advantage Co. has a 1 year low of $12.55 and a 1 year high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.47 billion, a P/E ratio of 473.67 and a beta of 1.21.

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.