Bank of America Corp DE Has $384,000 Stake in Advantage Solutions Inc. (NASDAQ:ADV)

Bank of America Corp DE raised its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 43.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 131,652 shares of the company’s stock after buying an additional 39,804 shares during the period. Bank of America Corp DE’s holdings in Advantage Solutions were worth $384,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Advantage Solutions during the fourth quarter worth about $39,000. Ancora Advisors LLC grew its stake in Advantage Solutions by 0.6% in the fourth quarter. Ancora Advisors LLC now owns 829,872 shares of the company’s stock valued at $2,423,000 after purchasing an additional 5,030 shares in the last quarter. Northern Trust Corp lifted its position in shares of Advantage Solutions by 6.5% in the fourth quarter. Northern Trust Corp now owns 885,048 shares of the company’s stock valued at $2,584,000 after buying an additional 54,257 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Advantage Solutions by 16.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,715 shares of the company’s stock valued at $116,000 after buying an additional 5,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Advantage Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock valued at $13,679,000 after buying an additional 479,348 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analysts Set New Price Targets

ADV has been the subject of several research reports. Morgan Stanley set a $2.00 price target on Advantage Solutions in a report on Wednesday, May 14th. Canaccord Genuity Group decreased their price target on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a research note on Tuesday, May 13th.

Advantage Solutions Stock Down 6.7%

Shares of NASDAQ:ADV opened at $1.54 on Friday. The company has a market capitalization of $499.44 million, a price-to-earnings ratio of -3.76 and a beta of 2.02. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50-day moving average is $1.27 and its 200-day moving average is $2.12. Advantage Solutions Inc. has a 1 year low of $1.04 and a 1 year high of $4.16.

Insider Activity

In other news, Director James M. Kilts purchased 26,523 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $1.21 per share, for a total transaction of $32,092.83. Following the completion of the acquisition, the director now owns 1,120,567 shares in the company, valued at approximately $1,355,886.07. The trade was a 2.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 176,631 shares of company stock valued at $217,016 in the last ninety days. 6.20% of the stock is owned by company insiders.

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.