Advantage Solutions Inc. (NASDAQ:ADV) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,482 shares of the company's stock after buying an additional 202,108 shares during the period. JPMorgan Chase & Co. owned about 0.16% of Advantage Solutions worth $1,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc purchased a new stake in shares of Advantage Solutions in the fourth quarter worth about $30,000. KLP Kapitalforvaltning AS purchased a new position in Advantage Solutions in the 4th quarter worth approximately $48,000. a16z Perennial Management L.P. acquired a new stake in Advantage Solutions in the fourth quarter valued at approximately $55,000. Intech Investment Management LLC raised its stake in shares of Advantage Solutions by 61.5% during the fourth quarter. Intech Investment Management LLC now owns 46,594 shares of the company's stock valued at $136,000 after purchasing an additional 17,735 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Advantage Solutions by 22.5% during the fourth quarter. SG Americas Securities LLC now owns 48,178 shares of the company's stock worth $141,000 after purchasing an additional 8,849 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Analysts Set New Price Targets

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

Advantage Solutions Stock Up 1.9 %

Shares of NASDAQ ADV traded up $0.03 during midday trading on Thursday, reaching $1.37. 77,820 shares of the company's stock were exchanged, compared to its average volume of 692,858. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions Inc. has a 52-week low of $1.11 and a 52-week high of $4.71. The business's fifty day moving average price is $1.62 and its two-hundred day moving average price is $2.54. The stock has a market capitalization of $438.72 million, a PE ratio of -3.33 and a beta of 1.95.

About Advantage Solutions

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.