Cortland Associates Inc. MO Takes $24.33 Million Position in First Advantage Co. (NYSE:FA)

Cortland Associates Inc. MO purchased a new position in First Advantage Co. (NYSE:FAFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,298,855 shares of the company’s stock, valued at approximately $24,328,000. First Advantage comprises about 2.8% of Cortland Associates Inc. MO’s portfolio, making the stock its 15th largest position.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in First Advantage by 49.7% during the second quarter. Quarry LP now owns 2,607 shares of the company’s stock worth $42,000 after buying an additional 865 shares during the last quarter. Marshall Wace LLP acquired a new position in First Advantage during the second quarter worth $209,000. Truist Financial Corp acquired a new position in First Advantage during the second quarter worth $234,000. Intech Investment Management LLC purchased a new stake in First Advantage in the third quarter valued at $250,000. Finally, Brighton Jones LLC purchased a new stake in First Advantage in the fourth quarter valued at $257,000. 94.91% of the stock is owned by institutional investors and hedge funds.

First Advantage Price Performance

Shares of NYSE FA opened at $18.64 on Thursday. The stock’s 50-day moving average is $18.81 and its two-hundred day moving average is $18.55. 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 Co. has a 1-year low of $14.01 and a 1-year high of $20.79. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 621.33 and a beta of 1.17.

First Advantage (NYSE:FAGet Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $199.10 million during the quarter, compared to analysts’ expectations of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Analysts forecast that First Advantage Co. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FA has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. BMO Capital Markets initiated coverage on First Advantage in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $20.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday, December 11th. Finally, Barclays reiterated an “overweight” rating and issued a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, First Advantage currently has an average rating of “Moderate Buy” and a consensus target price of $53.29.

View Our Latest Analysis on First Advantage

About First Advantage

(Free Report)

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.

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Institutional Ownership by Quarter for First Advantage (NYSE:FA)

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