First Advantage Co. (NYSE:FA) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,086 shares of the company's stock after selling 54,904 shares during the quarter. First Trust Advisors LP's holdings in First Advantage were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FA. FMR LLC raised its holdings in First Advantage by 49.1% in the fourth quarter. FMR LLC now owns 8,350,192 shares of the company's stock valued at $156,399,000 after buying an additional 2,750,166 shares during the period. Vanguard Group Inc. raised its holdings in First Advantage by 48.0% in the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock valued at $139,076,000 after buying an additional 2,409,233 shares during the period. JPMorgan Chase & Co. raised its holdings in First Advantage by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company's stock valued at $84,011,000 after buying an additional 50,469 shares during the period. Wellington Management Group LLP purchased a new position in First Advantage in the fourth quarter valued at approximately $71,695,000. Finally, American Century Companies Inc. raised its holdings in First Advantage by 337.3% in the fourth quarter. American Century Companies Inc. now owns 3,584,054 shares of the company's stock valued at $67,129,000 after buying an additional 2,764,534 shares during the period. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

First Advantage Stock Up 1.9%

NYSE FA traded up $0.34 during mid-day trading on Monday, reaching $18.00. 135,779 shares of the company's stock traded hands, compared to its average volume of 793,032. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79. The company has a fifty day simple moving average of $14.06 and a 200-day simple moving average of $16.97. 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 cap of $3.13 billion, a price-to-earnings ratio of 603.00 and a beta of 1.20.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, topping 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%. During the same quarter in the prior year, the company earned $0.17 earnings per share. First Advantage's quarterly revenue was up 109.3% compared to the same quarter last year. As a group, equities research analysts expect that First Advantage Co. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Barclays reiterated an "equal weight" rating and set a $15.00 target price (down from $20.00) on shares of First Advantage in a report on Thursday, April 10th. Finally, Royal Bank of Canada downgraded First Advantage from an "outperform" rating to a "sector perform" rating and set a $20.00 target price on the stock. in a report on Friday. Five 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 company has a consensus rating of "Hold" and an average price target of $65.40.

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.