XTX Topco Ltd Buys Shares of 18,137 First Advantage Co. (NYSE:FA)

Key Points

• XTX Topco Ltd has invested approximately $256,000 in First Advantage Co., acquiring 18,137 shares during the first quarter.
• First Advantage reported a significant 111.7% increase in revenue year-over-year and exceeded earnings expectations with $0.27 EPS compared to the consensus estimate of $0.24.
• The stock currently has an average rating of "Hold" from analysts, with a consensus target price of $20.25.

XTX Topco Ltd bought a new position in shares of First Advantage Co. (NYSE:FA - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 18,137 shares of the company's stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in First Advantage by 21.5% during the 4th quarter. Nuveen Asset Management LLC now owns 237,848 shares of the company's stock worth $4,455,000 after purchasing an additional 42,150 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of First Advantage by 26.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,811 shares of the company's stock worth $350,000 after acquiring an additional 5,185 shares during the period. Rhumbline Advisers grew its holdings in shares of First Advantage by 10.8% in the 1st quarter. Rhumbline Advisers now owns 87,194 shares of the company's stock worth $1,229,000 after acquiring an additional 8,498 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of First Advantage by 5.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 1,136,993 shares of the company's stock worth $16,020,000 after acquiring an additional 58,220 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of First Advantage by 16.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 37,054 shares of the company's stock worth $694,000 after acquiring an additional 5,208 shares during the period. Institutional investors and hedge funds own 94.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada cut First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 price target 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 upped 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, First Advantage presently has a consensus rating of "Hold" and an average price target of $20.25.

First Advantage Price Performance

NYSE:FA traded down $0.34 during trading hours on Friday, reaching $16.48. 954,593 shares of the company traded hands, compared to its average volume of 1,073,526. The firm's 50-day moving average is $17.25 and its 200-day moving average is $16.40. The stock has a market cap of $2.87 billion, a P/E ratio of 549.33 and a beta of 1.24. 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.

First Advantage (NYSE:FA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.27 EPS for the quarter, beating 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%. The company's revenue was up 111.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities research analysts expect that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

First Advantage 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.