First Advantage Co. (NYSE:FA) Holdings Cut by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. lessened its stake in shares of First Advantage Co. (NYSE:FA - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,310 shares of the company's stock after selling 20,295 shares during the quarter. Leith Wheeler Investment Counsel Ltd. owned about 0.33% of First Advantage worth $10,570,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in First Advantage by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,267 shares of the company's stock worth $117,000 after acquiring an additional 832 shares during the period. Advisory Research Inc. grew its stake in shares of First Advantage by 0.6% during the 4th quarter. Advisory Research Inc. now owns 212,446 shares of the company's stock worth $3,979,000 after purchasing an additional 1,216 shares during the period. Corebridge Financial Inc. increased its holdings in shares of First Advantage by 9.6% in the 4th 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. lifted its stake in shares of First Advantage by 17.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in First Advantage by 7.2% during the fourth 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 and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FA. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of First Advantage in a research report on Thursday, January 23rd. William Blair reaffirmed an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets lowered their target price on First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Finally, Barclays reiterated an "equal weight" rating and issued a $15.00 price objective (down from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, First Advantage has an average rating of "Moderate Buy" and a consensus price target of $65.80.

First Advantage Trading Up 2.6 %

Shares of NYSE FA traded up $0.36 during trading on Thursday, hitting $14.46. 1,218,555 shares of the company traded hands, compared to its average volume of 770,311. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.51 billion, a P/E ratio of 482.00 and a beta of 1.20. The company has a 50-day moving average price of $14.09 and a 200-day moving average price of $17.15. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79.

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.