Teacher Retirement System of Texas Cuts Stock Position in First Advantage Co. (NYSE:FA)

Teacher Retirement System of Texas lowered its position in shares of First Advantage Co. (NYSE:FA - Free Report) by 59.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,627 shares of the company's stock after selling 51,603 shares during the period. Teacher Retirement System of Texas' holdings in First Advantage were worth $502,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FA. Oppenheimer Asset Management Inc. boosted its position in First Advantage by 26.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company's stock valued at $350,000 after purchasing an additional 5,185 shares in the last quarter. Yarbrough Capital LLC acquired a new stake in First Advantage in the first quarter worth about $282,000. Rhumbline Advisers boosted its holdings in First Advantage by 10.8% in the first quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock worth $1,229,000 after acquiring an additional 8,498 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 6,078 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in First Advantage in the fourth quarter worth about $71,695,000. Hedge funds and other institutional investors own 94.91% of the company's stock.

Analyst Upgrades and Downgrades

FA has been the subject of several recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Barclays raised their price target on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Royal Bank Of Canada downgraded 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, First Advantage currently has a consensus rating of "Hold" and a consensus price target of $66.00.

First Advantage Stock Performance

Shares of First Advantage stock traded down $0.22 on Friday, reaching $17.63. 1,122,553 shares of the stock were exchanged, compared to its average volume of 921,303. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $12.32 and a twelve month high of $20.79. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 587.67 and a beta of 1.24. The business has a 50 day moving average price of $17.44 and a two-hundred day moving average price of $16.56.

First Advantage (NYSE:FA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.17 EPS 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%. During the same quarter in the prior year, the business earned $0.17 earnings per share. First Advantage's quarterly revenue was up 109.3% on a year-over-year basis. Analysts anticipate 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.