Forum Financial Management LP Takes $34,000 Position in Advantage Solutions Inc. (NASDAQ:ADV)

Forum Financial Management LP purchased a new position in Advantage Solutions Inc. (NASDAQ:ADV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,527 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of Advantage Solutions by 5.1% during the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock worth $4,967,000 after acquiring an additional 83,105 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Advantage Solutions by 1.0% during the fourth quarter. Prudential Financial Inc. now owns 732,675 shares of the company’s stock worth $2,139,000 after purchasing an additional 7,400 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Advantage Solutions by 1.1% in the fourth quarter. Renaissance Technologies LLC now owns 648,500 shares of the company’s stock worth $1,894,000 after purchasing an additional 7,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Advantage Solutions by 12.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 569,869 shares of the company’s stock worth $1,664,000 after buying an additional 63,187 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Advantage Solutions by 62.5% during the 4th quarter. JPMorgan Chase & Co. now owns 525,482 shares of the company’s stock valued at $1,534,000 after buying an additional 202,108 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Price Performance

Shares of ADV stock opened at $1.31 on Thursday. The stock has a market capitalization of $421.05 million, a price-to-earnings ratio of -3.20 and a beta of 1.95. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions Inc. has a twelve month low of $1.11 and a twelve month high of $4.82. The stock has a fifty day simple moving average of $1.75 and a two-hundred day simple moving average of $2.60.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

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.