Capital Research Global Investors Grows Stock Position in First Advantage Co. (NYSE:FA)

Capital Research Global Investors boosted its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,223,937 shares of the company's stock after acquiring an additional 286,456 shares during the period. Capital Research Global Investors owned about 3.60% of First Advantage worth $116,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in shares of First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after purchasing an additional 832 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of First Advantage during the fourth quarter worth $210,000. Brighton Jones LLC acquired a new stake in shares of First Advantage in the fourth quarter valued at about $257,000. Truist Financial Corp lifted its stake in shares of First Advantage by 37.4% in the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after buying an additional 5,197 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in First Advantage by 17.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after acquiring an additional 2,938 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FA has been the topic of a number of research reports. William Blair reissued an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. BMO Capital Markets reduced their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Finally, Barclays reissued an "equal weight" rating and issued a $15.00 price objective (down previously from $20.00) on shares of First Advantage in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $65.80.

First Advantage Trading Down 1.6 %

Shares of First Advantage stock traded down $0.23 on Friday, reaching $14.05. The company had a trading volume of 1,307,715 shares, compared to its average volume of 759,854. 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 firm's 50 day moving average price is $14.43 and its two-hundred day moving average price is $17.31. First Advantage Co. has a 52-week low of $12.32 and a 52-week high of $20.79. The firm has a market cap of $2.44 billion, a PE ratio of 468.33 and a beta of 1.20.

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.