Cortland Associates Inc. MO Raises Holdings in First Advantage Co. (NYSE:FA)

Cortland Associates Inc. MO increased its holdings in First Advantage Co. (NYSE:FA - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,319,044 shares of the company's stock after buying an additional 20,189 shares during the period. First Advantage comprises approximately 2.2% of Cortland Associates Inc. MO's holdings, making the stock its 17th biggest position. Cortland Associates Inc. MO owned 0.76% of First Advantage worth $18,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FA. Cornerstone Planning Group LLC acquired a new position in First Advantage in the 1st quarter valued at approximately $63,000. Bank of New York Mellon Corp boosted its holdings in First Advantage by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 227,242 shares of the company's stock valued at $3,202,000 after acquiring an additional 6,876 shares during the period. Palisade Capital Management LP grew its position in First Advantage by 23.1% in the 1st quarter. Palisade Capital Management LP now owns 1,562,809 shares of the company's stock worth $22,020,000 after purchasing an additional 293,044 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in First Advantage by 26.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company's stock worth $350,000 after purchasing an additional 5,185 shares during the last quarter. Finally, Yarbrough Capital LLC bought a new position in shares of First Advantage during the 1st quarter worth about $282,000. 94.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FA has been the subject of several analyst reports. Royal Bank Of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target for the company. in a report on Friday, May 9th. Barclays boosted their price objective on shares of First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a research note on Monday, June 2nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $66.00.

First Advantage Stock Down 4.2%

FA traded down $0.72 during mid-day trading on Tuesday, reaching $16.46. 668,724 shares of the stock were exchanged, compared to its average volume of 912,963. The stock has a market capitalization of $2.86 billion, a PE ratio of 548.67 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 debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The company has a 50 day moving average price of $17.37 and a two-hundred day moving average price of $16.56.

First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, topping 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%. The firm's revenue was up 109.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 earnings per share. As a group, research analysts anticipate that First Advantage Co. will post 0.74 EPS for the current 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.