Teacher Retirement System of Texas Takes $1.63 Million Position in First Advantage Co. (NYSE:FA)

Teacher Retirement System of Texas acquired a new position in First Advantage Co. (NYSE:FA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 87,230 shares of the company’s stock, valued at approximately $1,634,000. Teacher Retirement System of Texas owned approximately 0.05% of First Advantage at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FA. FMR LLC boosted its stake in First Advantage by 50.8% during the 3rd quarter. FMR LLC now owns 5,600,026 shares of the company’s stock valued at $111,161,000 after purchasing an additional 1,886,716 shares in the last quarter. Cortland Associates Inc. MO acquired a new position in shares of First Advantage in the 4th quarter worth $24,328,000. Mutual of America Capital Management LLC acquired a new stake in shares of First Advantage during the fourth quarter worth $20,205,000. Fred Alger Management LLC lifted its holdings in shares of First Advantage by 26.7% during the third quarter. Fred Alger Management LLC now owns 1,017,228 shares of the company’s stock valued at $20,192,000 after purchasing an additional 214,134 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of First Advantage by 29.5% in the 4th quarter. Jennison Associates LLC now owns 432,387 shares of the company’s stock valued at $8,099,000 after purchasing an additional 98,500 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Price Performance

Shares of FA opened at $14.22 on Friday. 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 has a market cap of $2.47 billion, a PE ratio of 474.00 and a beta of 1.21. First Advantage Co. has a twelve month low of $12.55 and a twelve month high of $20.79. The firm’s 50 day moving average price is $16.80 and its 200 day moving average price is $18.19.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays reduced their price objective on shares of First Advantage from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. BMO Capital Markets lowered their price objective on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of First Advantage in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.80.

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.