Boussard & Gavaudan Investment Management LLP acquired a new stake in First Advantage Co. (NYSE:FA – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,946 shares of the company’s stock, valued at approximately $434,000.
Several other hedge funds have also added to or reduced their stakes in FA. FMR LLC grew its position in shares of First Advantage by 50.8% in the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock valued at $111,161,000 after purchasing an additional 1,886,716 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in First Advantage by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,580 shares of the company’s stock valued at $8,309,000 after buying an additional 5,361 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of First Advantage in the third quarter valued at approximately $250,000. Jennison Associates LLC bought a new stake in shares of First Advantage during the third quarter worth $6,628,000. Finally, LMR Partners LLP raised its holdings in shares of First Advantage by 104.3% during the third quarter. LMR Partners LLP now owns 26,246 shares of the company’s stock worth $521,000 after acquiring an additional 13,400 shares during the period. Institutional investors and hedge funds own 94.91% of the company’s stock.
Wall Street Analysts Forecast Growth
FA has been the subject of a number of research reports. Citigroup increased their target price on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Barclays reiterated an “overweight” rating and set a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. William Blair reissued an “outperform” rating on shares of First Advantage in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Finally, Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.83.
First Advantage Trading Down 2.3 %
Shares of First Advantage stock opened at $19.28 on Thursday. The stock has a market cap of $3.33 billion, a P/E ratio of 642.67 and a beta of 1.18. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 12-month low of $13.88 and a 12-month high of $20.79. The business’s 50 day moving average is $18.99 and its 200-day moving average is $17.75.
First Advantage (NYSE:FA – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The firm had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts predict that First Advantage Co. will post 0.75 earnings per share for the current fiscal year.
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.
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