Wolverine Asset Management LLC acquired a new stake in shares of Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) in the 4th quarter, Holdings Channel reports. The firm acquired 8,382 shares of the company’s stock, valued at approximately $67,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of Advantage Solutions by 14.5% in the 3rd quarter. Invesco Ltd. now owns 30,133 shares of the company’s stock worth $261,000 after acquiring an additional 3,807 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Advantage Solutions by 11.6% in the 3rd quarter. LPL Financial LLC now owns 44,489 shares of the company’s stock worth $385,000 after acquiring an additional 4,632 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Advantage Solutions by 1,207.8% in the 2nd quarter. Royal Bank of Canada now owns 5,231 shares of the company’s stock worth $56,000 after acquiring an additional 4,831 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Advantage Solutions by 2.6% in the 3rd quarter. Morgan Stanley now owns 214,040 shares of the company’s stock worth $1,852,000 after acquiring an additional 5,503 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Advantage Solutions by 132.0% in the 3rd quarter. Citigroup Inc. now owns 11,155 shares of the company’s stock worth $96,000 after acquiring an additional 6,346 shares during the last quarter. Institutional investors and hedge funds own 26.45% of the company’s stock.
NASDAQ:ADV opened at $4.42 on Friday. The company has a market cap of $1.41 billion, a PE ratio of 21.05 and a beta of 0.62. Advantage Solutions Inc. has a twelve month low of $4.26 and a twelve month high of $12.89. The company has a current ratio of 1.83, a quick ratio of 1.71 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $5.79 and its two-hundred day moving average is $6.99.
A number of equities research analysts recently weighed in on ADV shares. Zacks Investment Research lowered shares of Advantage Solutions from a “hold” rating to a “sell” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Advantage Solutions in a report on Tuesday, March 29th. They set a “hold” rating and a $7.00 price objective for the company. The Goldman Sachs Group lowered shares of Advantage Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $12.00 to $7.00 in a report on Friday, March 4th. Finally, Morgan Stanley cut their target price on shares of Advantage Solutions from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Advantage Solutions presently has an average rating of “Hold” and an average target price of $9.20.
In other Advantage Solutions news, insider Jill L. Griffin sold 30,067 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $5.49, for a total value of $165,067.83. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Dean Kaye sold 7,067 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $5.49, for a total transaction of $38,797.83. The disclosure for this sale can be found here. In the last three months, insiders sold 112,954 shares of company stock valued at $623,394. 4.90% of the stock is owned by insiders.
About Advantage Solutions (Get Rating)
Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.
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