Renaissance Technologies LLC Cuts Holdings in First Advantage Co. (NYSE:FA)

Renaissance Technologies LLC reduced its holdings in shares of First Advantage Co. (NYSE:FA) by 64.5% during the second quarter, HoldingsChannel reports. The firm owned 50,400 shares of the company’s stock after selling 91,700 shares during the period. Renaissance Technologies LLC’s holdings in First Advantage were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FA. Capital Research Global Investors lifted its stake in First Advantage by 9.4% during the 1st quarter. Capital Research Global Investors now owns 5,777,481 shares of the company’s stock valued at $93,711,000 after acquiring an additional 496,898 shares during the period. Cat Rock Capital Management LP boosted its holdings in First Advantage by 10.0% in the fourth quarter. Cat Rock Capital Management LP now owns 3,325,859 shares of the company’s stock worth $55,109,000 after purchasing an additional 303,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in First Advantage by 8.8% in the 2nd 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 during the period. Boston Partners raised its stake in First Advantage by 155.3% during the 1st quarter. Boston Partners now owns 1,713,935 shares of the company’s stock valued at $27,841,000 after buying an additional 1,042,473 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of First Advantage by 0.8% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 607,972 shares of the company’s stock valued at $9,770,000 after buying an additional 4,950 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.

First Advantage Stock Down 0.8 %

NYSE FA opened at $19.66 on Tuesday. First Advantage Co. has a 52 week low of $12.46 and a 52 week high of $20.07. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.85 billion, a P/E ratio of 89.00 and a beta of 1.16. The stock’s 50-day moving average price is $18.60 and its 200-day moving average price is $17.01.

First Advantage (NYSE:FA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $184.55 million during the quarter, compared to analysts’ expectations of $184.66 million. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts predict that First Advantage Co. will post 0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FA. Truist Financial dropped their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Citigroup raised their price objective on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

About First Advantage

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.