Invesco Ltd. Raises Stock Holdings in Advantage Solutions Inc. $ADV

Invesco Ltd. raised its position in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,421 shares of the company’s stock after acquiring an additional 32,242 shares during the period. Invesco Ltd. owned approximately 0.09% of Advantage Solutions worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Deutsche Bank AG raised its holdings in shares of Advantage Solutions by 8.5% during the 1st quarter. Deutsche Bank AG now owns 120,461 shares of the company’s stock worth $182,000 after acquiring an additional 9,477 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Advantage Solutions by 63.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,048,305 shares of the company’s stock valued at $1,583,000 after purchasing an additional 408,802 shares during the last quarter. Levin Capital Strategies L.P. increased its position in shares of Advantage Solutions by 37.7% during the 1st quarter. Levin Capital Strategies L.P. now owns 210,000 shares of the company’s stock valued at $317,000 after purchasing an additional 57,500 shares during the last quarter. XTX Topco Ltd increased its position in shares of Advantage Solutions by 40.1% during the 1st quarter. XTX Topco Ltd now owns 84,920 shares of the company’s stock valued at $128,000 after purchasing an additional 24,313 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its position in shares of Advantage Solutions by 19.4% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 430,000 shares of the company’s stock valued at $649,000 after purchasing an additional 70,000 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Stock Performance

Shares of Advantage Solutions stock opened at $1.78 on Friday. Advantage Solutions Inc. has a 52 week low of $1.04 and a 52 week high of $4.10. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 2.43. The stock’s fifty day moving average is $1.62 and its two-hundred day moving average is $1.56. The company has a market capitalization of $580.19 million, a PE ratio of -1.89 and a beta of 2.19.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADV. Canaccord Genuity Group cut their target price on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 target price on Advantage Solutions in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Advantage Solutions presently has a consensus rating of “Buy” and a consensus price target of $2.25.

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.