Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in First Advantage Co. (NYSE:FA)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of First Advantage Co. (NYSE:FA) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,534 shares of the company’s stock after selling 857 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Advantage were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CenterBook Partners LP acquired a new position in First Advantage during the third quarter worth $4,162,000. Boston Partners lifted its stake in First Advantage by 11.3% during the 3rd quarter. Boston Partners now owns 709,156 shares of the company’s stock worth $9,777,000 after acquiring an additional 72,057 shares in the last quarter. Olstein Capital Management L.P. boosted its holdings in First Advantage by 185.0% during the 4th quarter. Olstein Capital Management L.P. now owns 57,000 shares of the company’s stock valued at $944,000 after acquiring an additional 37,000 shares during the period. Diamond Hill Capital Management Inc. grew its position in First Advantage by 3.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,460,231 shares of the company’s stock valued at $47,717,000 after acquiring an additional 115,370 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in First Advantage by 58.2% during the third quarter. Victory Capital Management Inc. now owns 31,592 shares of the company’s stock worth $436,000 after purchasing an additional 11,622 shares during the period. 94.91% of the stock is currently owned by hedge funds and other institutional investors.

First Advantage Trading Down 1.4 %

NYSE FA opened at $16.34 on Wednesday. First Advantage Co. has a 52 week low of $12.10 and a 52 week high of $17.49. The firm has a 50 day moving average of $15.92 and a two-hundred day moving average of $15.69. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.37 billion, a PE ratio of 66.12, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $202.56 million for the quarter, compared to analysts’ expectations of $211.05 million. First Advantage had a return on equity of 13.84% and a net margin of 4.88%. As a group, research analysts expect that First Advantage Co. will post 0.84 EPS for the current fiscal year.

Insider Activity at First Advantage

In other First Advantage news, insider Joseph K. Jaeger sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.95, for a total transaction of $339,000.00. Following the sale, the insider now owns 696,298 shares of the company’s stock, valued at $11,802,251.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Evercore ISI boosted their price target on shares of First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, William Blair initiated coverage on First Advantage in a research note on Tuesday, April 23rd. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

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.