The Manufacturers Life Insurance Company Sells 736 Shares of First Advantage Co. (NYSE:FA)

The Manufacturers Life Insurance Company decreased its stake in First Advantage Co. (NYSE:FA) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,846 shares of the company’s stock after selling 736 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in First Advantage were worth $632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fred Alger Management LLC purchased a new stake in shares of First Advantage during the second quarter worth about $12,906,000. Jennison Associates LLC purchased a new stake in shares of First Advantage during the third quarter worth about $6,628,000. Dimensional Fund Advisors LP grew its position in shares of First Advantage by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,131,188 shares of the company’s stock worth $50,314,000 after purchasing an additional 254,219 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of First Advantage during the third quarter worth about $676,000. Finally, Sei Investments Co. grew its position in shares of First Advantage by 27.5% during the second quarter. Sei Investments Co. now owns 126,159 shares of the company’s stock worth $2,027,000 after purchasing an additional 27,237 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

First Advantage Price Performance

NYSE:FA opened at $19.34 on Friday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 644.67 and a beta of 1.17. First Advantage Co. has a 1 year low of $14.01 and a 1 year high of $20.79. The business has a 50 day simple moving average of $18.96 and a 200-day simple moving average of $18.02. 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 (NYSE:FA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts forecast that First Advantage Co. will post 0.75 EPS for the current year.

Analysts Set New Price Targets

FA has been the subject of several research analyst reports. Wolfe Research cut First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Wednesday. Barclays reissued an “overweight” rating and set a $22.00 price target on shares of First Advantage in a research note on Wednesday, November 20th. BMO Capital Markets began coverage on First Advantage in a research note on Wednesday. They set an “outperform” rating and a $20.00 price target for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, First Advantage currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.29.

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.