New York State Common Retirement Fund Has $7.26 Million Stock Position in First Advantage Co. (NYSE:FA)

New York State Common Retirement Fund boosted its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,320 shares of the company's stock after buying an additional 88,914 shares during the period. New York State Common Retirement Fund owned approximately 0.22% of First Advantage worth $7,255,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Advantage during the third quarter valued at approximately $676,000. Emerald Advisers LLC increased its position in shares of First Advantage by 2.1% during the 3rd quarter. Emerald Advisers LLC now owns 1,183,050 shares of the company's stock valued at $23,484,000 after purchasing an additional 24,217 shares during the last quarter. BloombergSen Inc. bought a new stake in shares of First Advantage during the 3rd quarter worth $423,000. TimesSquare Capital Management LLC boosted its holdings in shares of First Advantage by 6.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 89,830 shares of the company's stock worth $1,783,000 after buying an additional 5,730 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in First Advantage by 9.0% during the third 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 during the period. 94.91% of the stock is owned by institutional investors.

First Advantage Stock Down 8.0 %

First Advantage stock traded down $1.30 during midday trading on Friday, reaching $14.96. The company's stock had a trading volume of 2,915,586 shares, compared to its average volume of 721,261. The stock has a market capitalization of $2.58 billion, a P/E ratio of 498.67 and a beta of 1.17. 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 52-week low of $14.01 and a 52-week high of $20.79. The stock's 50-day simple moving average is $18.55 and its 200-day simple moving average is $18.86.

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Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays reaffirmed an "overweight" rating and set a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a research note on Wednesday, November 13th. BMO Capital Markets started coverage on First Advantage in a research report on Wednesday, December 11th. They set an "outperform" rating and a $20.00 target price on the stock. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.29.

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.