California State Teachers Retirement System Has $1.33 Million Stock Position in First Advantage Co. (NYSE:FA)

California State Teachers Retirement System increased its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 48.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 71,154 shares of the company's stock after buying an additional 23,102 shares during the period. California State Teachers Retirement System's holdings in First Advantage were worth $1,333,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in First Advantage by 15.3% during the 4th 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. BNP Paribas Financial Markets acquired a new position in shares of First Advantage in the fourth quarter valued at about $132,000. Two Sigma Securities LLC bought a new position in First Advantage during the fourth quarter worth about $188,000. Tower Research Capital LLC TRC raised its stake in First Advantage by 1,219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,555 shares of the company's stock worth $198,000 after purchasing an additional 9,755 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in First Advantage in the 4th quarter worth about $210,000. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Price Performance

FA stock traded up $0.04 during trading on Tuesday, reaching $18.59. 1,152,300 shares of the company were exchanged, compared to its average volume of 1,095,383. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 619.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a 50-day moving average of $15.76 and a two-hundred day moving average of $16.92. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79.

First Advantage (NYSE:FA - Get Free Report) last released 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%. The business's revenue for the quarter was up 109.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. As a group, equities analysts predict that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

FA has been the topic of a number of analyst reports. 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 report on Monday, March 3rd. Royal Bank of Canada cut First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective for the company. in a report on Friday, May 9th. Barclays raised their target price 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. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Finally, William Blair reissued an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $66.00.

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.