Cortland Associates Inc. MO grew its position in First Advantage Co. (NYSE:FA - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,319,044 shares of the company's stock after purchasing an additional 20,189 shares during the quarter. First Advantage comprises approximately 2.2% of Cortland Associates Inc. MO's investment portfolio, making the stock its 17th biggest holding. Cortland Associates Inc. MO owned about 0.76% of First Advantage worth $18,585,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. grew its holdings 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 valued at $117,000 after buying an additional 832 shares during the last quarter. Advisory Research Inc. grew its holdings in shares of First Advantage by 0.6% during the fourth quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock valued at $3,979,000 after buying an additional 1,216 shares during the last quarter. Corebridge Financial Inc. grew its holdings in shares of First Advantage by 9.6% during the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after buying an additional 2,607 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of First Advantage by 7.2% during the fourth quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock valued at $1,116,000 after buying an additional 4,000 shares during the last quarter. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of First Advantage during the first quarter valued at $63,000. 94.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on FA. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Royal Bank Of Canada lowered shares of 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, Barclays upped their price target 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, First Advantage currently has an average rating of "Hold" and a consensus price target of $66.00.
Get Our Latest Analysis on FA
First Advantage Price Performance
Shares of First Advantage stock traded down $0.42 during trading hours on Friday, reaching $17.19. The stock had a trading volume of 455,106 shares, compared to its average volume of 914,160. The stock's 50 day moving average is $17.32 and its 200 day moving average is $16.60. The firm has a market capitalization of $2.98 billion, a PE ratio of 573.00 and a beta of 1.24. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.
First Advantage (NYSE:FA - Get Free Report) last issued its quarterly earnings data 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 net margin of 0.65% and a return on equity of 13.16%. The business's revenue was up 109.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 earnings per share. Equities analysts expect that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.
About First Advantage
(
Free Report)
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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