Charles Schwab Investment Management Inc. Boosts Stock Holdings in Advantage Solutions Inc. $ADV

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Advantage Solutions Inc. by 63.9%, holding a total of 1,048,305 shares valued at approximately $1.58 million.
• Several institutional investors have also significantly increased their positions in Advantage Solutions, with notable increases from Levin Capital Strategies and XTX Topco Ltd during the first quarter of 2023.
• Analysts have set a consensus rating of "Buy" for Advantage Solutions with an average price target of $2.25, although two firms have issued lower price targets recently.

Charles Schwab Investment Management Inc. boosted its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 63.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,048,305 shares of the company's stock after buying an additional 408,802 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.33% of Advantage Solutions worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Humankind Investments LLC acquired a new position in Advantage Solutions during the fourth quarter worth about $31,000. Forum Financial Management LP acquired a new position in Advantage Solutions during the fourth quarter worth about $34,000. BNP Paribas Financial Markets acquired a new position in Advantage Solutions during the fourth quarter worth about $39,000. Brevan Howard Capital Management LP acquired a new position in Advantage Solutions during the fourth quarter worth about $47,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Advantage Solutions in the first quarter valued at approximately $25,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Trading Up 2.1%

NASDAQ:ADV traded up $0.04 during trading hours on Thursday, reaching $1.73. 146,926 shares of the company were exchanged, compared to its average volume of 650,651. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $562.26 million, a price-to-earnings ratio of -1.84 and a beta of 2.19. Advantage Solutions Inc. has a 52-week low of $1.04 and a 52-week high of $4.10. The stock has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $1.57.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley set a $2.00 price target on shares of Advantage Solutions in a research report on Wednesday, May 14th. Canaccord Genuity Group lowered their price target on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Advantage Solutions has a consensus rating of "Buy" and a consensus price target of $2.25.

Advantage Solutions 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.