87,230 Shares in First Advantage Co. (NYSE:FA) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in First Advantage Co. (NYSE:FA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 87,230 shares of the company's stock, valued at approximately $1,634,000. Teacher Retirement System of Texas owned approximately 0.05% of First Advantage at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of First Advantage by 9.0% in 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 in the last quarter. Natixis Advisors LLC purchased a new stake in shares of First Advantage during the third quarter valued at approximately $298,000. Intech Investment Management LLC acquired a new position in shares of First Advantage during the third quarter worth $250,000. Charles Schwab Investment Management Inc. grew its holdings in First Advantage by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,580 shares of the company's stock valued at $8,309,000 after purchasing an additional 5,361 shares in the last quarter. Finally, FMR LLC increased its stake in First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company's stock worth $111,161,000 after buying an additional 1,886,716 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FA has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective 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. William Blair restated an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Barclays dropped their price objective on First Advantage from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.80.

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First Advantage Stock Performance

Shares of NYSE FA traded up $0.16 during trading on Monday, reaching $14.09. The stock had a trading volume of 1,854,236 shares, compared to its average volume of 674,591. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock has a market cap of $2.44 billion, a PE ratio of 469.67 and a beta of 1.21. First Advantage Co. has a one year low of $12.55 and a one year high of $20.79. The firm's 50 day moving average price is $16.61 and its two-hundred day moving average price is $18.11.

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.