Arizona State Retirement System Acquires New Position in Advantage Solutions Inc. (NASDAQ:ADV)

Arizona State Retirement System purchased a new position in shares of Advantage Solutions Inc. (NASDAQ:ADVFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,689 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of Advantage Solutions by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,357,521 shares of the company’s stock worth $19,464,000 after acquiring an additional 516,108 shares during the period. Vanguard Group Inc. raised its holdings in Advantage Solutions by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,774,752 shares of the company’s stock valued at $49,603,000 after buying an additional 62,402 shares during the period. BlackRock Inc. raised its holdings in Advantage Solutions by 7.1% in the 2nd quarter. BlackRock Inc. now owns 6,100,957 shares of the company’s stock valued at $14,276,000 after buying an additional 406,840 shares during the period. CastleKnight Management LP raised its holdings in Advantage Solutions by 91.7% in the 2nd quarter. CastleKnight Management LP now owns 3,124,607 shares of the company’s stock valued at $7,312,000 after buying an additional 1,494,967 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Advantage Solutions by 12.0% in the 1st quarter. Clearbridge Investments LLC now owns 2,287,323 shares of the company’s stock valued at $14,593,000 after buying an additional 244,802 shares during the period. Hedge funds and other institutional investors own 24.83% of the company’s stock.

Advantage Solutions Stock Up 1.5 %

Shares of NASDAQ:ADV opened at $3.95 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $1.29 billion, a PE ratio of -0.84 and a beta of 1.62. The firm’s 50-day moving average is $3.74 and its two-hundred day moving average is $3.03. Advantage Solutions Inc. has a 1 year low of $1.13 and a 1 year high of $4.39.

Analysts Set New Price Targets

Several analysts recently issued reports on ADV shares. Canaccord Genuity Group started coverage on shares of Advantage Solutions in a report on Wednesday, December 6th. They issued a “buy” rating and a $4.00 price objective on the stock. Canaccord Genuity Group started coverage on shares of Advantage Solutions in a report on Wednesday, December 6th. They issued a “buy” rating on the stock.

Read Our Latest Report on Advantage Solutions

Advantage Solutions Company Profile

(Free Report)

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

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