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PNC Financial Services Group Inc. Makes New $1.02 Million Investment in Advantage Solutions Inc. (NASDAQ:ADV)

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PNC Financial Services Group Inc. bought a new position in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 350,134 shares of the company's stock, valued at approximately $1,022,000. PNC Financial Services Group Inc. owned 0.11% of Advantage Solutions as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ADV. Empowered Funds LLC boosted its position in shares of Advantage Solutions by 13.9% during the 3rd quarter. Empowered Funds LLC now owns 1,617,758 shares of the company's stock valued at $5,549,000 after acquiring an additional 197,534 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Advantage Solutions by 116.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company's stock valued at $1,109,000 after acquiring an additional 174,220 shares during the last quarter. Jane Street Group LLC boosted its position in shares of 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 acquiring an additional 136,276 shares during the last quarter. Barclays PLC raised its holdings in shares of Advantage Solutions by 318.7% during the 3rd quarter. Barclays PLC now owns 166,024 shares of the company's stock valued at $570,000 after buying an additional 126,375 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Advantage Solutions during the 3rd quarter valued at about $214,000. Institutional investors own 49.82% of the company's stock.

Advantage Solutions Price Performance

Shares of NASDAQ ADV traded down $0.09 during trading hours on Thursday, reaching $1.66. 553,076 shares of the stock traded hands, compared to its average volume of 708,632. The company has a market capitalization of $533.54 million, a P/E ratio of -4.05 and a beta of 1.66. 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 Inc. has a 52-week low of $1.51 and a 52-week high of $4.95. The company's 50-day simple moving average is $2.43 and its two-hundred day simple moving average is $3.02.

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Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price objective on Advantage Solutions from $5.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, March 11th.

Check Out Our Latest Analysis on ADV

Advantage Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advantage Solutions (NASDAQ:ADV)

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