CenterBook Partners LP Boosts Stake in First Advantage Co. (NYSE:FA)

CenterBook Partners LP increased its position in shares of First Advantage Co. (NYSE:FA) by 57.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,324 shares of the company’s stock after buying an additional 71,560 shares during the quarter. CenterBook Partners LP owned about 0.11% of First Advantage worth $3,658,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of First Advantage by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 418,580 shares of the company’s stock worth $8,309,000 after purchasing an additional 5,361 shares during the last quarter. State Street Corp lifted its position in First Advantage by 6.1% in the third quarter. State Street Corp now owns 1,253,081 shares of the company’s stock valued at $24,874,000 after purchasing an additional 72,400 shares during the period. Barclays PLC increased its position in First Advantage by 57.3% during the 3rd quarter. Barclays PLC now owns 81,669 shares of the company’s stock worth $1,621,000 after purchasing an additional 29,752 shares during the period. Geode Capital Management LLC raised its stake in shares of First Advantage by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company’s stock worth $25,692,000 after buying an additional 9,718 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of First Advantage during the 4th quarter worth approximately $257,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays dropped their price objective on First Advantage from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. William Blair reiterated an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. BMO Capital Markets cut their price target on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, First Advantage has a consensus rating of “Moderate Buy” and a consensus price target of $66.80.

First Advantage Stock Up 10.2 %

Shares of FA stock opened at $14.36 on Thursday. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79. The stock has a market cap of $2.49 billion, a PE ratio of 478.67 and a beta of 1.20. The business’s fifty day moving average is $15.76 and its 200-day moving average is $17.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85.

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.