Charles Schwab Investment Management Inc. Has $8.31 Million Stock Holdings in First Advantage Co. (NYSE:FA)

Charles Schwab Investment Management Inc. boosted its holdings in shares of First Advantage Co. (NYSE:FA) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,580 shares of the company’s stock after acquiring an additional 5,361 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in First Advantage were worth $8,309,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of 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 acquiring an additional 865 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company’s stock worth $252,000 after purchasing an additional 2,163 shares during the period. Bank of New York Mellon Corp boosted its position in First Advantage by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company’s stock worth $4,150,000 after purchasing an additional 2,326 shares during the period. Principal Financial Group Inc. boosted its position in shares of First Advantage by 10.2% in the second quarter. Principal Financial Group Inc. now owns 26,827 shares of the company’s stock valued at $431,000 after acquiring an additional 2,491 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of First Advantage by 8.0% in the second quarter. Victory Capital Management Inc. now owns 36,261 shares of the company’s stock valued at $583,000 after acquiring an additional 2,700 shares during the period. 94.91% of the stock is owned by institutional investors.

First Advantage Price Performance

NYSE FA opened at $19.65 on Wednesday. First Advantage Co. has a 52 week low of $14.01 and a 52 week high of $20.79. The firm has a market capitalization of $3.39 billion, a P/E ratio of 655.00 and a beta of 1.18. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $18.97 and a 200-day moving average price of $17.97.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. Equities research analysts anticipate that First Advantage Co. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FA shares. Barclays reaffirmed an “overweight” rating and issued a $22.00 target price on shares of First Advantage in a research note on Wednesday, November 20th. Wolfe Research downgraded shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. William Blair reiterated an “outperform” rating on shares of First Advantage in a report on Wednesday, November 13th. Needham & Company LLC restated a “hold” rating on shares of First Advantage in a report on Wednesday, November 13th. Finally, Citigroup upped their price target on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.83.

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.