393,241 Shares in Advantage Solutions Inc. $ADV Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Advantage Solutions Inc. by purchasing 393,241 shares, valued at approximately $594,000, representing a 0.12% ownership in the company.
• Several institutional investors increased their holdings in Advantage Solutions, with significant boosts from Charles Schwab Investment Management (63.9%) and Invesco Ltd. (12.3%).
• The company's stock has experienced a recent target price downgrade from analysts, with Canaccord Genuity lowering it from $3.50 to $2.50, while maintaining a "buy" rating for the stock.

Nuveen LLC acquired a new position in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 393,241 shares of the company's stock, valued at approximately $594,000. Nuveen LLC owned 0.12% of Advantage Solutions at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ADV. Humankind Investments LLC acquired a new stake in shares of Advantage Solutions during the 4th quarter worth about $31,000. Forum Financial Management LP acquired a new position in shares of Advantage Solutions during the 4th quarter worth about $34,000. BNP Paribas Financial Markets bought a new stake in shares of Advantage Solutions during the 4th quarter worth approximately $39,000. Brevan Howard Capital Management LP acquired a new stake in shares of Advantage Solutions during the 4th quarter worth $47,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Advantage Solutions during the first quarter valued at about $25,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reduced their price target on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 target price on shares of Advantage Solutions in a report on Wednesday, May 14th. One equities 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 an average target price of $2.25.

Advantage Solutions Stock Performance

Shares of NASDAQ:ADV traded up $0.07 during midday trading on Monday, hitting $1.85. The company's stock had a trading volume of 605,811 shares, compared to its average volume of 650,759. The stock has a market capitalization of $601.38 million, a price-to-earnings ratio of -1.95 and a beta of 2.19. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.96 and a current ratio of 1.96. Advantage Solutions Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $4.10. The stock's 50 day simple moving average is $1.62 and its 200 day simple moving average is $1.54.

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.