48,864 Shares in Advantage Solutions Inc. (NASDAQ:ADV) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new position in Advantage Solutions Inc. (NASDAQ:ADV) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 48,864 shares of the company’s stock, valued at approximately $143,000.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Advantage Solutions by 5.1% during the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock worth $4,967,000 after acquiring an additional 83,105 shares in the last quarter. Jane Street Group LLC raised its holdings in Advantage Solutions by 29.1% in the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock worth $2,074,000 after buying an additional 136,276 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Advantage Solutions by 116.8% during the third quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after purchasing an additional 174,220 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Advantage Solutions by 23.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company’s stock valued at $669,000 after purchasing an additional 36,547 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Advantage Solutions by 318.7% during the third 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 last quarter. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price objective 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 6.0 %

Shares of ADV stock opened at $1.76 on Monday. Advantage Solutions Inc. has a 12 month low of $1.51 and a 12 month high of $4.95. The stock has a market cap of $565.68 million, a P/E ratio of -4.29 and a beta of 1.66. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.98.

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.