T. Rowe Price Investment Management Inc. Has $43.21 Million Holdings in Advantage Solutions Inc. (NASDAQ:ADV)

T. Rowe Price Investment Management Inc. decreased its holdings in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,797,929 shares of the company's stock after selling 890,628 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.61% of Advantage Solutions worth $43,210,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ADV. Dimensional Fund Advisors LP raised its holdings in shares of Advantage Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock valued at $13,679,000 after purchasing an additional 479,348 shares in the last quarter. Empowered Funds LLC raised its holdings in Advantage Solutions by 5.1% during the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company's stock valued at $4,967,000 after buying an additional 83,105 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Advantage Solutions by 1.0% during the 4th quarter. Prudential Financial Inc. now owns 732,675 shares of the company's stock worth $2,139,000 after acquiring an additional 7,400 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Advantage Solutions by 1.1% during the 4th quarter. Renaissance Technologies LLC now owns 648,500 shares of the company's stock valued at $1,894,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Advantage Solutions by 12.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 569,869 shares of the company's stock valued at $1,664,000 after acquiring an additional 63,187 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on Advantage Solutions from $5.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, March 11th.

Advantage Solutions Stock Performance

ADV stock traded down $0.02 during mid-day trading on Thursday, reaching $1.32. 366,428 shares of the stock traded hands, compared to its average volume of 693,990. The firm has a market capitalization of $424.26 million, a PE ratio of -3.22 and a beta of 1.95. The business has a 50-day moving average of $1.62 and a two-hundred day moving average of $2.54. Advantage Solutions Inc. has a 52 week low of $1.11 and a 52 week high of $4.71. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.