First Advantage Co. (NYSE:FA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in First Advantage Co. (NYSE:FA - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,076 shares of the company's stock after selling 21,598 shares during the period. Jane Street Group LLC's holdings in First Advantage were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in First Advantage by 32.8% during the fourth quarter. Northern Trust Corp now owns 565,327 shares of the company's stock worth $10,589,000 after buying an additional 139,536 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of First Advantage by 16.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock valued at $694,000 after buying an additional 5,208 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of First Advantage in the fourth quarter worth approximately $188,000. Voya Investment Management LLC boosted its holdings in First Advantage by 10.0% during the 4th quarter. Voya Investment Management LLC now owns 141,144 shares of the company's stock valued at $2,644,000 after acquiring an additional 12,774 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new position in First Advantage in the 4th quarter valued at $16,970,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

First Advantage Stock Performance

NYSE:FA traded down $0.07 during trading hours on Thursday, reaching $18.13. The company had a trading volume of 808,060 shares, compared to its average volume of 1,099,490. 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 1-year low of $12.32 and a 1-year high of $20.79. The business's 50 day moving average price is $15.53 and its 200-day moving average price is $16.94. The firm has a market cap of $3.15 billion, a PE ratio of 604.33 and a beta of 1.27.

First Advantage (NYSE:FA - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period last year, the business earned $0.17 EPS. The company's revenue for the quarter was up 109.3% compared to the same quarter last year. Research analysts forecast that First Advantage Co. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on FA. BMO Capital Markets reduced their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a research note on Monday. Royal Bank of Canada downgraded First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price objective on the stock. 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 stock an "equal weight" rating in a research note on Thursday, May 29th. Finally, William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.00.

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.