Fred Alger Management LLC Sells 147,732 Shares of First Advantage Co. $FA

Fred Alger Management LLC lessened its holdings in First Advantage Co. (NYSE:FA) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,746,723 shares of the company’s stock after selling 147,732 shares during the period. Fred Alger Management LLC owned about 1.00% of First Advantage worth $26,882,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in First Advantage by 3.8% during the second quarter. American Century Companies Inc. now owns 2,562,204 shares of the company’s stock valued at $42,558,000 after buying an additional 94,220 shares during the last quarter. Boston Partners raised its position in First Advantage by 19.6% in the second quarter. Boston Partners now owns 2,896,207 shares of the company’s stock worth $47,866,000 after acquiring an additional 474,634 shares during the period. 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. Capital World Investors grew its position in shares of First Advantage by 3.7% during the 3rd quarter. Capital World Investors now owns 8,318,514 shares of the company’s stock valued at $128,022,000 after acquiring an additional 300,000 shares during the period. Finally, Onex Canada Asset Management Inc. increased its stake in shares of First Advantage by 45.4% in the 3rd quarter. Onex Canada Asset Management Inc. now owns 772,147 shares of the company’s stock worth $11,883,000 after purchasing an additional 240,978 shares in the last quarter. Institutional investors own 94.91% of the company’s stock.

Analyst Upgrades and Downgrades

FA has been the topic of a number of recent research reports. Citigroup decreased their target price on First Advantage from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Zacks Research cut First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Barclays raised First Advantage from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.75.

First Advantage Stock Down 1.7%

FA opened at $10.87 on Monday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 362.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The firm’s fifty day moving average is $12.48 and its 200 day moving average is $13.80. First Advantage Co. has a fifty-two week low of $8.82 and a fifty-two week high of $19.01.

First Advantage (NYSE:FA) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.First Advantage’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. First Advantage has set its FY 2026 guidance at 1.150-1.250 EPS. On average, sell-side analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current fiscal year.

First Advantage Company Profile

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.