Two Sigma Investments LP Buys 71,298 Shares of First Advantage Co. (NYSE:FA)

Two Sigma Investments LP lifted its holdings in First Advantage Co. (NYSE:FA - Free Report) by 65.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 180,532 shares of the company's stock after purchasing an additional 71,298 shares during the period. Two Sigma Investments LP owned about 0.10% of First Advantage worth $3,381,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FA. Wellington Management Group LLP bought a new stake in First Advantage during the 4th quarter worth approximately $71,695,000. Capital World Investors raised its stake in First Advantage by 246.4% during the 4th quarter. Capital World Investors now owns 5,227,076 shares of the company's stock worth $97,903,000 after acquiring an additional 3,718,096 shares during the period. American Century Companies Inc. raised its stake in First Advantage by 337.3% during the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock worth $67,129,000 after acquiring an additional 2,764,534 shares during the period. FMR LLC raised its stake in First Advantage by 49.1% during the 4th quarter. FMR LLC now owns 8,350,192 shares of the company's stock worth $156,399,000 after acquiring an additional 2,750,166 shares during the period. Finally, Vanguard Group Inc. raised its stake in First Advantage by 48.0% during the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock worth $139,076,000 after acquiring an additional 2,409,233 shares during the period. Institutional investors own 94.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FA shares. Royal Bank of Canada cut 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 note on Friday, May 9th. Barclays increased their price objective 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. BMO Capital Markets cut their price objective on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. Finally, William Blair reaffirmed 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 assigned a buy rating to the company. According to MarketBeat.com, First Advantage presently has an average rating of "Hold" and a consensus price target of $66.00.

First Advantage Price Performance

Shares of FA stock traded up $0.65 on Tuesday, reaching $18.10. The company's stock had a trading volume of 899,030 shares, compared to its average volume of 842,895. The stock's fifty day simple moving average is $15.45 and its 200-day simple moving average is $16.93. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 603.33 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share 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 revenue was up 109.3% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. Analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

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.