142,070 Shares in First Advantage Co. (NYSE:FA) Bought by ASK Capital Management LLC

ASK Capital Management LLC bought a new position in First Advantage Co. (NYSE:FA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 142,070 shares of the company’s stock, valued at approximately $2,661,000. First Advantage accounts for 0.6% of ASK Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. ASK Capital Management LLC owned approximately 0.08% of First Advantage as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in First Advantage by 49.1% during the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock worth $156,399,000 after purchasing an additional 2,750,166 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of First Advantage by 48.0% in the 4th quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after acquiring an additional 2,409,233 shares in the last quarter. Capital Research Global Investors increased its position in shares of First Advantage by 4.8% in the fourth quarter. Capital Research Global Investors now owns 6,223,937 shares of the company’s stock valued at $116,574,000 after acquiring an additional 286,456 shares during the last quarter. Capital World Investors raised its holdings in First Advantage by 246.4% during the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock worth $97,903,000 after acquiring an additional 3,718,096 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in First Advantage by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock valued at $84,011,000 after purchasing an additional 50,469 shares during the last quarter. Institutional investors own 94.91% of the company’s stock.

Analysts Set New Price Targets

FA has been the topic of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a $15.00 price target (down previously from $20.00) on shares of First Advantage in a research report on Thursday, April 10th. William Blair restated an “outperform” rating on shares of First Advantage in a report on Friday, February 28th. BMO Capital Markets cut their price target on shares of 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 restated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.80.

First Advantage Trading Up 3.6 %

FA stock opened at $14.98 on Friday. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 499.33 and a beta of 1.20. The company has a fifty day moving average price of $14.01 and a two-hundred day moving average price of $17.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick 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.