Nuveen Asset Management LLC Buys 42,150 Shares of First Advantage Co. (NYSE:FA)

Nuveen Asset Management LLC lifted its holdings in First Advantage Co. (NYSE:FA - Free Report) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,848 shares of the company's stock after acquiring an additional 42,150 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.14% of First Advantage worth $4,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Summit Investment Advisors Inc. increased its position in First Advantage by 15.3% in 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 in the last quarter. Advisory Research Inc. grew its stake 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 purchasing an additional 1,216 shares during the last quarter. Corebridge Financial Inc. increased its holdings in shares of First Advantage by 9.6% in the fourth quarter. Corebridge Financial Inc. now owns 29,784 shares of the company's stock valued at $558,000 after purchasing an additional 2,607 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in First Advantage by 17.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock worth $368,000 after purchasing an additional 2,938 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in First Advantage by 7.2% during the 4th quarter. Alliancebernstein L.P. now owns 59,600 shares of the company's stock worth $1,116,000 after buying an additional 4,000 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Trading Up 0.5%

Shares of FA stock traded up $0.10 on Wednesday, reaching $18.20. The company had a trading volume of 138,422 shares, compared to its average volume of 1,096,370. The stock has a market cap of $3.16 billion, a PE ratio of 606.60 and a beta of 1.20. The company has a 50-day moving average of $15.45 and a 200-day moving average of $16.93. 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 Co. has a 12 month low of $12.32 and a 12 month high of $20.79.

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 (EPS) for the quarter, beating 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 quarterly revenue was up 109.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, equities analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FA shares. Barclays lifted their target price on First Advantage from $15.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a report on Monday. BMO Capital Markets dropped their price objective on First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada downgraded shares of First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price on the stock. in a research report on Friday, May 9th. Finally, William Blair reaffirmed an "outperform" rating on shares of First Advantage in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.