JPMorgan Chase & Co. Raises Holdings in First Advantage Co. (NYSE:FA)

JPMorgan Chase & Co. increased its position in shares of First Advantage Co. (NYSE:FA – Get Rating) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,967,994 shares of the company’s stock after purchasing an additional 581,576 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.93% of First Advantage worth $77,584,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in First Advantage by 34.4% in the 4th quarter. Bank of America Corp DE now owns 135,196 shares of the company’s stock valued at $1,758,000 after buying an additional 34,638 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of First Advantage by 185.1% in the 4th quarter. Victory Capital Management Inc. now owns 33,862 shares of the company’s stock valued at $440,000 after purchasing an additional 21,984 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of First Advantage by 8.0% in the 4th quarter. First Trust Advisors LP now owns 89,814 shares of the company’s stock valued at $1,168,000 after purchasing an additional 6,656 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of First Advantage by 170.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,141,444 shares of the company’s stock valued at $14,839,000 after purchasing an additional 719,491 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of First Advantage by 927.9% in the 4th quarter. UBS Group AG now owns 23,139 shares of the company’s stock valued at $301,000 after purchasing an additional 20,888 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FA has been the topic of several recent analyst reports. Royal Bank of Canada lowered First Advantage from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $14.00 to $15.00 in a research note on Wednesday, March 1st. TheStreet raised First Advantage from a “d+” rating to a “c-” rating in a research note on Thursday, March 23rd. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, First Advantage has an average rating of “Hold” and an average target price of $14.40.

First Advantage Trading Up 3.0 %

FA opened at $14.25 on Wednesday. First Advantage Co. has a one year low of $10.07 and a one year high of $15.89. The company has a market cap of $2.08 billion, a P/E ratio of 14.12, a PEG ratio of 1.38 and a beta of 1.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 6.54 and a current ratio of 6.54. The business’s 50-day simple moving average is $13.16 and its 200-day simple moving average is $13.30.

First Advantage (NYSE:FA – Get Rating) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. First Advantage had a return on equity of 13.00% and a net margin of 6.73%. The business had revenue of $175.52 million for the quarter, compared to the consensus estimate of $170.35 million. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, equities research analysts expect that First Advantage Co. will post 1.02 EPS for the current fiscal year.

First Advantage Company Profile

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First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital 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.

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