First Advantage Co. (NYSE:FA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of First Advantage Co. (NYSE:FA) by 59.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,627 shares of the company’s stock after selling 51,603 shares during the quarter. Teacher Retirement System of Texas’ holdings in First Advantage were worth $502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FA. FMR LLC grew its stake in First Advantage by 49.1% in the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock worth $156,399,000 after purchasing an additional 2,750,166 shares in the last quarter. Vanguard Group Inc. raised its stake in First Advantage by 48.0% during the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after buying an additional 2,409,233 shares in the last quarter. Capital Research Global Investors lifted its holdings in First Advantage by 4.8% during the 4th quarter. Capital Research Global Investors now owns 6,223,937 shares of the company’s stock worth $116,574,000 after buying an additional 286,456 shares during the last quarter. Capital World Investors lifted its holdings in First Advantage by 246.4% during the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock worth $97,903,000 after buying an additional 3,718,096 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of First Advantage by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock worth $84,011,000 after acquiring an additional 50,469 shares in the last quarter. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

First Advantage Stock Performance

FA stock opened at $16.81 on Thursday. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 560.33 and a beta of 1.24. 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’s fifty day moving average is $17.44 and its two-hundred day moving average is $16.56.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue was up 109.3% on a year-over-year basis. On average, research analysts predict that First Advantage Co. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

FA has been the topic of several research analyst reports. Barclays raised their price objective on First Advantage from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada lowered shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price target for the company. in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.00.

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.