Advantage Solutions Inc. (NASDAQ:ADV) Position Boosted by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Advantage Solutions Inc. (NASDAQ:ADV) by 61.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,594 shares of the company’s stock after acquiring an additional 17,735 shares during the quarter. Intech Investment Management LLC’s holdings in Advantage Solutions were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADV. PNC Financial Services Group Inc. acquired a new position in Advantage Solutions in the fourth quarter worth approximately $1,022,000. JPMorgan Chase & Co. grew its holdings in shares of Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock worth $1,109,000 after acquiring an additional 174,220 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Advantage Solutions by 29.1% during the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock valued at $2,074,000 after purchasing an additional 136,276 shares during the last quarter. Barclays PLC boosted its position in shares of Advantage Solutions by 318.7% in the 3rd quarter. Barclays PLC now owns 166,024 shares of the company’s stock valued at $570,000 after purchasing an additional 126,375 shares during the period. Finally, Empowered Funds LLC increased its stake in Advantage Solutions by 5.1% in the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock worth $4,967,000 after purchasing an additional 83,105 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price 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 Price Performance

Shares of NASDAQ:ADV opened at $1.59 on Friday. The company’s fifty day moving average is $2.33 and its two-hundred day moving average is $2.93. The company has a market cap of $511.04 million, a P/E ratio of -3.88 and a beta of 1.66. Advantage Solutions Inc. has a 12-month low of $1.51 and a 12-month high of $4.82. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

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.