Legal & General Group Plc Increases Stock Position in First Advantage Co. (NYSE:FA)

Legal & General Group Plc increased its position in First Advantage Co. (NYSE:FA - Free Report) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,109 shares of the company's stock after purchasing an additional 31,659 shares during the period. Legal & General Group Plc owned 0.05% of First Advantage worth $1,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA bought a new position in shares of First Advantage during the 4th quarter valued at about $210,000. Brighton Jones LLC acquired a new stake in First Advantage during the 4th quarter worth about $257,000. Truist Financial Corp raised its position in First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after acquiring an additional 5,197 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of First Advantage by 17.6% during the fourth 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 in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in First Advantage during the fourth quarter worth about $375,000. 94.91% of the stock is currently owned by institutional investors.

First Advantage Trading Up 2.1 %

Shares of NYSE FA traded up $0.29 during midday trading on Thursday, hitting $14.39. The stock had a trading volume of 141,413 shares, compared to its average volume of 764,561. The firm has a market cap of $2.50 billion, a P/E ratio of 480.53 and a beta of 1.20. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The company's 50-day simple moving average is $14.16 and its 200 day simple moving average is $17.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays reissued an "equal weight" rating and issued a $15.00 price target (down from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. BMO Capital Markets reduced their price objective on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Finally, William Blair reissued an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, First Advantage has an average rating of "Moderate Buy" and an average price target of $65.80.

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.