JPMorgan Chase & Co. Buys 255,641 Shares of First Advantage Co. $FA

JPMorgan Chase & Co. boosted its position in shares of First Advantage Co. (NYSE:FA) by 8.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,315,150 shares of the company’s stock after buying an additional 255,641 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.91% of First Advantage worth $51,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FA. Herald Investment Management Ltd grew its holdings in shares of First Advantage by 4.9% during the 3rd quarter. Herald Investment Management Ltd now owns 365,000 shares of the company’s stock worth $5,617,000 after acquiring an additional 17,127 shares during the period. ProShare Advisors LLC boosted its position in First Advantage by 66.8% in the third quarter. ProShare Advisors LLC now owns 27,090 shares of the company’s stock worth $417,000 after purchasing an additional 10,846 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of First Advantage by 48.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 69,804 shares of the company’s stock valued at $1,074,000 after purchasing an additional 22,841 shares during the last quarter. BloombergSen Inc. boosted its stake in shares of First Advantage by 100.4% during the 3rd quarter. BloombergSen Inc. now owns 266,324 shares of the company’s stock worth $4,099,000 after acquiring an additional 133,436 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in First Advantage by 61.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 23,090 shares of the company’s stock worth $355,000 after purchasing an additional 8,753 shares during the period. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FA. JPMorgan Chase & Co. reduced their price objective on shares of First Advantage from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Zacks Research downgraded shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, First Advantage has a consensus rating of “Hold” and an average price target of $19.25.

First Advantage Stock Up 5.0%

Shares of FA opened at $9.52 on Thursday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 317.33 and a beta of 1.17. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a 12-month low of $8.82 and a 12-month high of $19.01. The firm has a fifty day moving average price of $13.30 and a 200-day moving average price of $14.23.

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.