UBS Group AG reduced its stake in First Advantage Co. (NYSE:FA – Free Report) by 44.1% during the 4th quarter, Holdings Channel reports. The firm owned 257,691 shares of the company’s stock after selling 202,975 shares during the period. UBS Group AG’s holdings in First Advantage were worth $3,744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Onex Canada Asset Management Inc. lifted its holdings in First Advantage by 45.4% during the third quarter. Onex Canada Asset Management Inc. now owns 772,147 shares of the company’s stock worth $11,883,000 after acquiring an additional 240,978 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in First Advantage by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 3,315,150 shares of the company’s stock worth $51,020,000 after acquiring an additional 255,641 shares in the last quarter. SG Americas Securities LLC lifted its holdings in First Advantage by 8,338.6% during the fourth quarter. SG Americas Securities LLC now owns 777,275 shares of the company’s stock worth $11,294,000 after acquiring an additional 768,064 shares in the last quarter. Capital World Investors lifted its holdings in First Advantage by 3.7% during the third quarter. Capital World Investors now owns 8,318,514 shares of the company’s stock worth $128,022,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in First Advantage by 2.8% during the third quarter. Vanguard Group Inc. now owns 7,613,968 shares of the company’s stock worth $117,179,000 after acquiring an additional 210,187 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors.
First Advantage Stock Performance
Shares of First Advantage stock opened at $15.42 on Friday. 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 stock’s 50-day moving average is $12.59 and its 200-day moving average is $13.01. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 514.00 and a beta of 1.13. First Advantage Co. has a one year low of $8.82 and a one year high of $19.01.
Analyst Ratings Changes
FA has been the topic of several recent analyst reports. Citigroup lifted their target price on First Advantage from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Barclays lifted their target price on First Advantage from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Stifel Nicolaus set a $18.00 target price on First Advantage in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their target price on First Advantage from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.50.
Read Our Latest Stock Report on FA
Insider Activity
In related news, President Joelle M. Smith sold 23,334 shares of First Advantage stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $15.00, for a total value of $350,010.00. Following the sale, the president owned 19,393 shares of the company’s stock, valued at approximately $290,895. The trade was a 54.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.40% of the company’s stock.
About First Advantage
First Advantage is a global provider of background screening, identity verification and workforce risk management solutions. The company delivers a comprehensive suite of services that help employers verify candidate credentials, manage regulatory compliance and mitigate risk throughout the employee lifecycle. Its platform is built to integrate with leading human capital management and applicant tracking systems, enabling a seamless and scalable experience for organizations of all sizes.
The company’s core offerings include pre-employment and continuous background screening, digital identity verification, drug and health testing, and ongoing employee monitoring.
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