Russell Investments Group Ltd. Grows Holdings in First Advantage Co. $FA

Russell Investments Group Ltd. grew its position in shares of First Advantage Co. (NYSE:FA) by 2,967.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,232 shares of the company’s stock after buying an additional 8,931 shares during the quarter. Russell Investments Group Ltd.’s holdings in First Advantage were worth $130,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in First Advantage in the 1st quarter valued at about $3,271,000. Invesco Ltd. boosted its stake in shares of First Advantage by 13.7% during the 1st quarter. Invesco Ltd. now owns 114,574 shares of the company’s stock worth $1,614,000 after purchasing an additional 13,774 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of First Advantage by 2.3% during the 1st quarter. CenterBook Partners LP now owns 199,728 shares of the company’s stock worth $2,814,000 after purchasing an additional 4,404 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of First Advantage during the 1st quarter worth about $2,461,000. Finally, Lynwood Price Capital Management LP lifted its holdings in shares of First Advantage by 9.7% during the 1st quarter. Lynwood Price Capital Management LP now owns 373,980 shares of the company’s stock worth $5,269,000 after acquiring an additional 33,000 shares during the period. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Trading Down 0.3%

Shares of FA opened at $15.85 on Thursday. The business’s 50-day moving average price is $16.95 and its 200 day moving average price is $16.16. The stock has a market capitalization of $2.76 billion, a P/E ratio of 528.33 and a beta of 1.24. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same period in the previous year, the company posted $0.21 EPS. First Advantage’s revenue for the quarter was up 111.7% on a year-over-year basis. First Advantage has set its FY 2025 guidance at 0.860-1.030 EPS. Analysts expect that First Advantage Co. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FA has been the topic of several research reports. 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 on the stock. in a report on Friday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research report on Thursday, August 21st. Finally, Barclays raised their price target on shares of First Advantage from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.25.

First Advantage 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.