Mutual of America Capital Management LLC Cuts Holdings in First Advantage Co. $FA

Mutual of America Capital Management LLC reduced its position in First Advantage Co. (NYSE:FA) by 35.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 717,692 shares of the company’s stock after selling 385,901 shares during the period. Mutual of America Capital Management LLC’s holdings in First Advantage were worth $11,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in First Advantage by 724.5% in the 2nd quarter. Alliancebernstein L.P. now owns 5,256,511 shares of the company’s stock worth $87,311,000 after acquiring an additional 4,618,946 shares during the last quarter. Boston Partners boosted its position in shares of First Advantage by 19.6% during the 2nd 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 during the last quarter. American Century Companies Inc. grew 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 valued at $42,558,000 after purchasing an additional 94,220 shares in the last quarter. Geode Capital Management LLC increased its position in First Advantage by 16.2% in the second quarter. Geode Capital Management LLC now owns 1,818,904 shares of the company’s stock worth $30,215,000 after purchasing an additional 253,773 shares during the last quarter. Finally, Palisade Capital Management LP raised its stake in First Advantage by 9.0% during the second quarter. Palisade Capital Management LP now owns 1,704,021 shares of the company’s stock valued at $28,304,000 after purchasing an additional 141,212 shares in the last quarter. 94.91% of the stock is owned by institutional investors.

First Advantage Trading Down 0.4%

FA stock opened at $14.10 on Tuesday. The firm’s fifty day simple moving average is $14.47 and its two-hundred day simple moving average is $15.17. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 470.00 and a beta of 1.18. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. First Advantage Co. has a twelve month low of $11.95 and a twelve month high of $20.27.

First Advantage (NYSE:FA) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 105.5% compared to the same quarter last year. First Advantage has set its FY 2025 guidance at 0.980-1.020 EPS. As a group, analysts anticipate that First Advantage Co. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.