Schroder Investment Management Group Makes New $1.90 Million Investment in First Advantage Co. (NYSE:FA)

Schroder Investment Management Group bought a new stake in First Advantage Co. (NYSE:FA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 101,947 shares of the company’s stock, valued at approximately $1,904,000. Schroder Investment Management Group owned 0.06% of First Advantage as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FA. Corebridge Financial Inc. lifted its holdings in 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 worth $368,000 after buying an additional 2,938 shares in the last quarter. Rhumbline Advisers grew its stake in First Advantage by 6.9% during the 4th quarter. Rhumbline Advisers now owns 78,696 shares of the company’s stock valued at $1,474,000 after acquiring an additional 5,104 shares in the last quarter. Truist Financial Corp grew its stake in First Advantage by 37.4% during the 4th 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. Finally, Natixis Advisors LLC raised its holdings in First Advantage by 35.4% in the 4th quarter. Natixis Advisors LLC now owns 20,353 shares of the company’s stock valued at $381,000 after acquiring an additional 5,317 shares during the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

FA has been the subject of a number of analyst reports. Barclays dropped their price target on First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. BMO Capital Markets reduced their price target 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, William Blair reissued an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, First Advantage has a consensus rating of “Moderate Buy” and an average price target of $66.80.

First Advantage Stock Down 7.2 %

Shares of NYSE:FA opened at $13.62 on Monday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 454.00 and a beta of 1.20. First Advantage Co. has a 12-month low of $12.55 and a 12-month high of $20.79. The business has a 50-day moving average price of $16.28 and a 200 day moving average price of $17.96. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

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.