BloombergSen Inc. Grows Stock Holdings in First Advantage Co. (NYSE:FA)

BloombergSen Inc. boosted its holdings in First Advantage Co. (NYSE:FA - Free Report) by 93.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,118 shares of the company's stock after purchasing an additional 19,824 shares during the quarter. First Advantage comprises 0.0% of BloombergSen Inc.'s portfolio, making the stock its 28th largest position. BloombergSen Inc.'s holdings in First Advantage were worth $770,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FA. Pictet Asset Management Holding SA purchased a new stake in First Advantage during the 4th quarter valued at about $210,000. Intech Investment Management LLC purchased a new position in First Advantage in the 3rd quarter worth about $250,000. Brighton Jones LLC purchased a new stake in shares of First Advantage during the 4th quarter valued at about $257,000. Truist Financial Corp grew 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 during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of First Advantage by 17.6% during 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. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Remove Ads

First Advantage Price Performance

FA stock traded up $0.06 during midday trading on Wednesday, hitting $13.09. The company's stock had a trading volume of 452,013 shares, compared to its average volume of 717,459. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 436.40 and a beta of 1.20. The company has a 50 day moving average of $15.94 and a two-hundred day moving average of $17.83. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79.

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.