Bank of New York Mellon Corp Reduces Position in Advantage Solutions Inc. (NASDAQ:ADV)

Bank of New York Mellon Corp decreased its holdings in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 40.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 273,540 shares of the company's stock after selling 186,890 shares during the quarter. Bank of New York Mellon Corp owned 0.09% of Advantage Solutions worth $799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Advantage Solutions by 5.1% in the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company's stock valued at $4,967,000 after acquiring an additional 83,105 shares in the last quarter. Jane Street Group LLC increased its position in Advantage Solutions by 29.1% during the 3rd 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 period. JPMorgan Chase & Co. raised 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 valued at $1,109,000 after purchasing an additional 174,220 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Advantage Solutions by 23.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company's stock worth $669,000 after purchasing an additional 36,547 shares during the period. Finally, Barclays PLC boosted its stake 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 in the last quarter. 49.82% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

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

Advantage Solutions Stock Down 6.3 %

Shares of ADV traded down $0.10 during trading hours on Friday, hitting $1.49. The company had a trading volume of 906,568 shares, compared to its average volume of 729,245. 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 market capitalization of $478.90 million, a PE ratio of -3.63 and a beta of 1.66. Advantage Solutions Inc. has a one year low of $1.47 and a one year high of $4.82. The company's fifty day moving average price is $2.31 and its two-hundred day moving average price is $2.92.

Advantage Solutions Company 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.