First Advantage Co. (NYSE:FA) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in First Advantage Co. (NYSE:FA) by 17.6% in the fourth quarter, HoldingsChannel reports. The fund owned 19,626 shares of the company’s stock after acquiring an additional 2,938 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in First Advantage were worth $368,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC raised its holdings in First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock valued at $1,621,000 after acquiring an additional 29,752 shares during the last quarter. FMR LLC raised its holdings in First Advantage by 50.8% in the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock valued at $111,161,000 after acquiring an additional 1,886,716 shares during the last quarter. Geode Capital Management LLC raised its holdings in First Advantage by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock valued at $25,692,000 after acquiring an additional 9,718 shares during the last quarter. Cortland Associates Inc. MO acquired a new stake in First Advantage in the 4th quarter valued at about $24,328,000. Finally, State Street Corp raised its holdings in First Advantage by 6.1% in the 3rd quarter. State Street Corp now owns 1,253,081 shares of the company’s stock valued at $24,874,000 after acquiring an additional 72,400 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

First Advantage Stock Down 4.3 %

FA stock opened at $13.42 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of 447.33 and a beta of 1.21. First Advantage Co. has a 52 week low of $13.20 and a 52 week high of $20.79. The company’s 50-day moving average price is $18.17 and its 200 day moving average price is $18.75. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61.

Wall Street Analyst Weigh In

A number of analysts have commented on FA shares. BMO Capital Markets cut their price objective on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. Barclays dropped their price target on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

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.