21,294 Shares in First Advantage Co. (NYSE:FA) Purchased by BloombergSen Inc.

BloombergSen Inc. acquired a new stake in First Advantage Co. (NYSE:FA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 21,294 shares of the company’s stock, valued at approximately $423,000. First Advantage makes up 0.0% of BloombergSen Inc.’s holdings, making the stock its 27th largest position.

A number of other hedge funds have also added to or reduced their stakes in FA. MQS Management LLC bought a new position in shares of First Advantage during the 1st quarter worth $334,000. Capital Research Global Investors grew its holdings in First Advantage by 9.4% during the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock worth $93,711,000 after acquiring an additional 496,898 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in First Advantage by 16.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after acquiring an additional 2,163 shares in the last quarter. Paloma Partners Management Co purchased a new position in First Advantage during the 1st quarter valued at about $357,000. Finally, Boston Partners raised its holdings in shares of First Advantage by 155.3% in the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after purchasing an additional 1,042,473 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FA has been the topic of a number of recent research reports. Citigroup increased their price objective on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Wolfe Research cut First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Truist Financial cut their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.25.

First Advantage Trading Up 1.4 %

NYSE FA opened at $18.70 on Friday. First Advantage Co. has a 52 week low of $13.11 and a 52 week high of $20.75. The company has a 50 day moving average price of $19.19 and a 200 day moving average price of $17.53. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.72 billion, a PE ratio of 116.25 and a beta of 1.18.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $184.55 million for the quarter, compared to the consensus estimate of $184.66 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, sell-side analysts forecast that First Advantage Co. will post 0.82 EPS for the current fiscal year.

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.