Bank of America Corp DE Sells 24,166 Shares of First Advantage Co. (NYSE:FA)

Bank of America Corp DE reduced its position in First Advantage Co. (NYSE:FA - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 482,967 shares of the company's stock after selling 24,166 shares during the quarter. Bank of America Corp DE owned 0.28% of First Advantage worth $9,046,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FA. BNP Paribas Financial Markets bought a new position in shares of First Advantage during the 4th quarter valued at $132,000. ASK Capital Management LLC purchased a new stake in First Advantage during the fourth quarter valued at about $2,661,000. Northern Trust Corp grew its stake in shares of First Advantage by 32.8% during the fourth quarter. Northern Trust Corp now owns 565,327 shares of the company's stock valued at $10,589,000 after buying an additional 139,536 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of First Advantage by 16.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock worth $694,000 after buying an additional 5,208 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of First Advantage in the 4th quarter valued at about $188,000. 94.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FA. BMO Capital Markets decreased their target price on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Barclays upped their price objective on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday. Royal Bank of Canada downgraded 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. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, First Advantage has an average rating of "Hold" and an average price target of $66.00.

First Advantage Trading Down 0.1%

Shares of FA traded down $0.02 during trading hours on Thursday, reaching $17.03. 946,532 shares of the company traded hands, compared to its average volume of 833,017. First Advantage Co. has a 12 month low of $12.32 and a 12 month high of $20.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The company's fifty day moving average price is $15.24 and its two-hundred day moving average price is $16.94. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 567.67 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last posted 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 return on equity of 13.16% and a net margin of 0.65%. During the same quarter in the previous year, the business posted $0.17 EPS. The business's revenue was up 109.3% on a year-over-year basis. Equities research analysts predict that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

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.