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

Fred Alger Management LLC reduced its stake in shares of First Advantage Co. (NYSE:FA) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,746,723 shares of the company’s stock after selling 147,732 shares during the quarter. Fred Alger Management LLC’s holdings in First Advantage were worth $26,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of First Advantage by 3.8% in the second quarter. American Century Companies Inc. now owns 2,562,204 shares of the company’s stock worth $42,558,000 after buying an additional 94,220 shares in the last quarter. Boston Partners grew its stake in First Advantage by 19.6% during the second quarter. Boston Partners now owns 2,896,207 shares of the company’s stock valued at $47,866,000 after acquiring an additional 474,634 shares in the last quarter. BloombergSen Inc. increased its holdings in First Advantage by 100.4% in the 3rd quarter. BloombergSen Inc. now owns 266,324 shares of the company’s stock valued at $4,099,000 after acquiring an additional 133,436 shares during the last quarter. Capital World Investors increased its holdings in First Advantage by 3.7% in 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 last quarter. Finally, Onex Canada Asset Management Inc. lifted its stake in 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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup dropped their price objective on shares of First Advantage from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 6th. Barclays raised First Advantage from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $15.00 in a report on Friday, March 6th. Finally, Zacks Research lowered First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Advantage currently has an average rating of “Hold” and an average price target of $16.75.

First Advantage Price Performance

First Advantage stock opened at $10.87 on Monday. First Advantage Co. has a 52-week low of $8.82 and a 52-week high of $19.01. 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 firm’s fifty day moving average is $12.48 and its 200 day moving average is $13.80. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 362.33 and a beta of 1.19.

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

First Advantage 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.