JPMorgan Chase & Co. Purchases 560,137 Shares of First Advantage Co. (NYSE:FA)

JPMorgan Chase & Co. lifted its stake in First Advantage Co. (NYSE:FAGet Rating) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,720,806 shares of the company’s stock after purchasing an additional 560,137 shares during the period. JPMorgan Chase & Co. owned about 3.08% of First Advantage worth $59,813,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Investment Partners LLC bought a new position in shares of First Advantage in the second quarter worth about $153,000. Amalgamated Bank purchased a new stake in First Advantage in the first quarter worth about $177,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in First Advantage in the second quarter worth about $198,000. GSA Capital Partners LLP purchased a new stake in First Advantage in the first quarter worth about $208,000. Finally, Teacher Retirement System of Texas purchased a new stake in First Advantage in the first quarter worth about $222,000. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FA. Jefferies Financial Group lowered shares of First Advantage from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $13.00 in a research note on Tuesday, October 25th. Royal Bank of Canada lowered their price objective on shares of First Advantage from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. Needham & Company LLC began coverage on shares of First Advantage in a research note on Tuesday, September 20th. They issued a “hold” rating for the company. Finally, Barclays lowered shares of First Advantage from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $20.00 to $14.00 in a research report on Friday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.67.

First Advantage Stock Up 2.6 %

First Advantage stock opened at $12.93 on Friday. The business has a fifty day moving average price of $13.10 and a 200-day moving average price of $13.71. First Advantage Co. has a 1-year low of $10.07 and a 1-year high of $21.01. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 1.47 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.62 and a quick ratio of 5.62.

First Advantage (NYSE:FAGet Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $205.99 million for the quarter, compared to analysts’ expectations of $210.95 million. First Advantage had a return on equity of 13.14% and a net margin of 7.39%. Equities research analysts forecast that First Advantage Co. will post 1.02 EPS for the current fiscal year.

First Advantage Profile

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First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital 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.

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Institutional Ownership by Quarter for First Advantage (NYSE:FA)

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