BloombergSen Inc. Has $954,000 Stake in First Advantage Co. (NYSE:FA)

Key Points

• BloombergSen Inc. increased its stake in First Advantage Co. by 64.6% during the first quarter, acquiring an additional 26,578 shares, bringing its total holdings to 67,696 shares valued at approximately $954,000.
• First Advantage posted a 109.3% year-over-year revenue increase for the quarter, reporting an earnings per share (EPS) of $0.17, exceeding analyst expectations of $0.13.
• Analysts have mixed views on First Advantage, with a consensus rating of "Hold" and a price target averaging $20.25, reflecting varied expectations about the stock's performance.

BloombergSen Inc. lifted its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 64.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,696 shares of the company's stock after acquiring an additional 26,578 shares during the period. First Advantage comprises approximately 0.1% of BloombergSen Inc.'s holdings, making the stock its 23rd largest holding. BloombergSen Inc.'s holdings in First Advantage were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FA. Signaturefd LLC acquired a new stake in First Advantage in the first quarter worth $30,000. Cornerstone Planning Group LLC acquired a new stake in First Advantage in the first quarter worth $63,000. GAMMA Investing LLC increased its position in First Advantage by 748.5% in the first quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock worth $97,000 after buying an additional 6,078 shares during the period. Summit Investment Advisors Inc. increased its position in First Advantage by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after buying an additional 832 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in First Advantage in the fourth quarter worth $132,000. 94.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FA shares. Royal Bank Of Canada lowered 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 restated a "hold" rating on shares of First Advantage in a research report on Monday, June 2nd. Finally, Barclays boosted 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.25.

First Advantage Price Performance

Shares of FA traded down $0.12 during mid-day trading on Monday, hitting $18.28. The company's stock had a trading volume of 307,099 shares, compared to its average volume of 1,081,904. The firm has a 50-day moving average price of $17.44 and a 200 day moving average price of $16.53. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 609.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79.

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

About First Advantage

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.