First Advantage Co. (NYSE:FA) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,136,993 shares of the company's stock after buying an additional 58,220 shares during the period. Mutual of America Capital Management LLC owned about 0.65% of First Advantage worth $16,020,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cornerstone Planning Group LLC acquired a new stake in shares of First Advantage during the 1st quarter valued at about $63,000. GAMMA Investing LLC grew its position in shares of First Advantage by 748.5% during the 1st quarter. GAMMA Investing LLC now owns 6,890 shares of the company's stock valued at $97,000 after acquiring an additional 6,078 shares during the period. Summit Investment Advisors Inc. grew its position in shares of First Advantage by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock valued at $117,000 after acquiring an additional 832 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of First Advantage during the 4th quarter valued at about $132,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of First Advantage during the 4th quarter valued at about $188,000. Hedge funds and other institutional investors own 94.91% of the company's stock.

First Advantage Stock Down 5.0%

Shares of First Advantage stock traded down $0.87 during trading hours on Friday, reaching $16.63. 1,891,629 shares of the company were exchanged, compared to its average volume of 1,080,280. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79. The stock's fifty day moving average is $17.40 and its 200 day moving average is $16.47. 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 firm has a market cap of $2.89 billion, a PE ratio of 554.33 and a beta of 1.24.

First Advantage (NYSE:FA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. During the same quarter last year, the company earned $0.21 EPS. The firm's quarterly revenue was up 111.7% compared to the same quarter last year. As a group, equities research analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on FA. Royal Bank Of Canada cut 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. Needham & Company LLC restated a "hold" rating on shares of First Advantage in a report on Monday, June 2nd. Finally, Barclays boosted their target price on First Advantage from $15.00 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, First Advantage currently has an average rating of "Hold" and a consensus target price of $20.25.

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.