Advantage Solutions Inc. $ADV Holdings Raised by NorthRock Partners LLC

NorthRock Partners LLC boosted its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 114.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,245 shares of the company’s stock after buying an additional 99,243 shares during the quarter. NorthRock Partners LLC owned approximately 0.06% of Advantage Solutions worth $244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Advantage Solutions by 12.3% in the 1st quarter. Invesco Ltd. now owns 295,421 shares of the company’s stock worth $446,000 after buying an additional 32,242 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Advantage Solutions by 8.5% during the 1st quarter. Deutsche Bank AG now owns 120,461 shares of the company’s stock worth $182,000 after purchasing an additional 9,477 shares during the last quarter. Nuveen LLC acquired a new position in shares of Advantage Solutions during the 1st quarter worth $594,000. XTX Topco Ltd increased its stake in shares of Advantage Solutions by 40.1% during the 1st quarter. XTX Topco Ltd now owns 84,920 shares of the company’s stock worth $128,000 after purchasing an additional 24,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Advantage Solutions by 63.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,048,305 shares of the company’s stock worth $1,583,000 after purchasing an additional 408,802 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.25.

Advantage Solutions Stock Performance

Shares of ADV opened at $1.44 on Friday. The company has a market capitalization of $469.37 million, a PE ratio of -1.53 and a beta of 2.17. Advantage Solutions Inc. has a one year low of $1.04 and a one year high of $4.04. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.96 and a quick ratio of 1.96. The company’s fifty day moving average price is $1.72 and its 200 day moving average price is $1.49.

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.