JPMorgan Chase & Co. raised its position in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 78.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,345 shares of the company's stock after acquiring an additional 75,409 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.05% of Advantage Solutions worth $262,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ADV. Empowered Funds LLC raised its holdings in shares of Advantage Solutions by 4.0% during the first quarter. Empowered Funds LLC now owns 1,769,040 shares of the company's stock valued at $2,671,000 after acquiring an additional 68,177 shares during the last quarter. Strs Ohio acquired a new position in shares of Advantage Solutions during the first quarter valued at approximately $117,000. Creative Planning acquired a new position in shares of Advantage Solutions during the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Advantage Solutions during the second quarter valued at approximately $31,000. Finally, Bank of America Corp DE raised its holdings in shares of Advantage Solutions by 21.8% during the second quarter. Bank of America Corp DE now owns 71,676 shares of the company's stock valued at $95,000 after acquiring an additional 12,816 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.
Advantage Solutions Price Performance
NASDAQ:ADV opened at $28.43 on Thursday. Advantage Solutions Inc. has a one year low of $12.23 and a one year high of $53.63. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market cap of $371.01 million, a PE ratio of -1.62 and a beta of 1.85. The stock has a 50 day moving average price of $18.88 and a 200 day moving average price of $24.30.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Morgan Stanley set a $18.75 target price on Advantage Solutions in a report on Tuesday, March 3rd. Canaccord Genuity Group reduced their target price on Advantage Solutions from $62.50 to $37.50 and set a "buy" rating for the company in a report on Wednesday, March 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Advantage Solutions in a report on Wednesday, January 21st. Wall Street Zen cut Advantage Solutions from a "strong-buy" rating to a "hold" rating in a report on Saturday, March 7th. Finally, Zacks Research cut Advantage Solutions from a "hold" rating to a "strong sell" rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Advantage Solutions presently has a consensus rating of "Reduce" and an average target price of $28.13.
View Our Latest Research Report on ADV
Advantage Solutions Profile
(
Free Report)
Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm's offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.
The company's service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.
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