Brown Brothers Harriman & Co. Reduces Stake in First Advantage Co. (NYSE:FA)

Brown Brothers Harriman & Co. decreased its position in First Advantage Co. (NYSE:FA) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,921 shares of the company’s stock after selling 717 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in First Advantage were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FA. Pictet Asset Management Holding SA purchased a new stake in shares of First Advantage during the 4th quarter valued at about $210,000. Norges Bank purchased a new stake in First Advantage during the fourth quarter valued at approximately $2,922,000. JPMorgan Chase & Co. raised its position in First Advantage by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock worth $84,011,000 after acquiring an additional 50,469 shares during the period. Corebridge Financial Inc. boosted its stake in shares of First Advantage by 9.6% during the 4th quarter. Corebridge Financial Inc. now owns 29,784 shares of the company’s stock worth $558,000 after acquiring an additional 2,607 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP grew its position in shares of First Advantage by 16.1% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 269,096 shares of the company’s stock valued at $5,040,000 after acquiring an additional 37,232 shares during the period. Institutional investors own 94.91% of the company’s stock.

First Advantage Price Performance

NYSE:FA opened at $14.87 on Thursday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 495.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The business has a 50 day simple moving average of $16.45 and a 200-day simple moving average of $18.05. First Advantage Co. has a 1 year low of $12.55 and a 1 year high of $20.79.

Analysts Set New Price Targets

A number of brokerages recently commented on FA. Barclays decreased their target price 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 reaffirmed an “outperform” rating on shares of First Advantage in a research report on Friday, February 28th. BMO Capital Markets cut their price objective on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of First Advantage in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, First Advantage currently has an average rating of “Moderate Buy” and an average target price of $66.80.

First Advantage 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.