Advantage Solutions Inc. $ADV Holdings Trimmed by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. decreased its holdings in Advantage Solutions Inc. by 2.3%, now owning 4.50% of the company valued at approximately $21.8 million.
• Various hedge funds have recently acquired stakes in Advantage Solutions, with a total of 49.82% of the stock owned by institutional investors.
• Analysts have set a reduced price target for Advantage Solutions, with Canaccord Genuity lowering their price objective from $3.50 to $2.50, while the current average rating remains a "Buy."

T. Rowe Price Investment Management Inc. lessened its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,458,747 shares of the company's stock after selling 339,182 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.50% of Advantage Solutions worth $21,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in Advantage Solutions by 193.5% in the 4th quarter. Millennium Management LLC now owns 600,149 shares of the company's stock worth $1,752,000 after buying an additional 395,651 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Advantage Solutions by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 230,293 shares of the company's stock valued at $672,000 after purchasing an additional 35,352 shares during the last quarter. Deutsche Bank AG grew its position in shares of Advantage Solutions by 44.8% during the fourth quarter. Deutsche Bank AG now owns 110,984 shares of the company's stock valued at $324,000 after purchasing an additional 34,362 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after purchasing an additional 479,348 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Advantage Solutions by 47.5% in the fourth quarter. ProShare Advisors LLC now owns 29,823 shares of the company's stock worth $87,000 after buying an additional 9,600 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James M. Kilts bought 23,314 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $1.24 per share, for a total transaction of $28,909.36. Following the purchase, the director owned 1,342,531 shares in the company, valued at $1,664,738.44. This trade represents a 1.77% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 90,381 shares of company stock worth $112,141. 7.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADV shares. Canaccord Genuity Group dropped their price objective on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley set a $2.00 price target 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, the stock has a consensus rating of "Buy" and an average target price of $2.25.

Advantage Solutions Stock Down 0.3%

Advantage Solutions stock traded down $0.01 during trading on Thursday, reaching $1.84. 143,498 shares of the company's stock were exchanged, compared to its average volume of 659,326. 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 52-week low of $1.04 and a 52-week high of $4.10. The company's 50-day moving average is $1.57 and its two-hundred day moving average is $1.60. The firm has a market cap of $598.12 million, a price-to-earnings ratio of -1.95 and a beta of 2.07.

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.