New York State Common Retirement Fund Purchases 88,914 Shares of First Advantage Co. (NYSE:FA)

New York State Common Retirement Fund increased its position in First Advantage Co. (NYSE:FA) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,320 shares of the company’s stock after buying an additional 88,914 shares during the period. New York State Common Retirement Fund owned 0.22% of First Advantage worth $7,255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of First Advantage in the 3rd quarter worth about $250,000. Brighton Jones LLC purchased a new position in First Advantage in the fourth quarter worth about $257,000. Natixis Advisors LLC bought a new stake in First Advantage during the third quarter worth approximately $298,000. Oppenheimer Asset Management Inc. raised its position in First Advantage by 27.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 16,688 shares of the company’s stock valued at $331,000 after purchasing an additional 3,561 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of First Advantage by 37.4% in the 4th quarter. Truist Financial Corp now owns 19,095 shares of the company’s stock valued at $358,000 after purchasing an additional 5,197 shares during the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Trading Down 1.3 %

Shares of FA opened at $18.58 on Thursday. 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 firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 619.33 and a beta of 1.17. The company has a 50-day moving average of $18.66 and a 200 day moving average of $18.88. First Advantage Co. has a 1-year low of $14.01 and a 1-year high of $20.79.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FA shares. Barclays reissued an “overweight” rating and set a $22.00 target price on shares of First Advantage in a research report on Wednesday, November 20th. BMO Capital Markets started coverage on shares of First Advantage in a research report on Wednesday, December 11th. They set an “outperform” rating and a $20.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of First Advantage in a report on Thursday, January 23rd. William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Wednesday, December 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of First Advantage in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.