Advantage Solutions Inc. (NASDAQ:ADV) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 40.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,540 shares of the company’s stock after selling 186,890 shares during the period. Bank of New York Mellon Corp owned about 0.09% of Advantage Solutions worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Advantage Solutions by 318.7% during the 3rd quarter. Barclays PLC now owns 166,024 shares of the company’s stock worth $570,000 after acquiring an additional 126,375 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Advantage Solutions by 116.8% during the third quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock worth $1,109,000 after purchasing an additional 174,220 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Advantage Solutions by 23.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company’s stock worth $669,000 after purchasing an additional 36,547 shares in the last quarter. Rhumbline Advisers boosted its position in Advantage Solutions by 6.5% during the fourth quarter. Rhumbline Advisers now owns 162,734 shares of the company’s stock worth $475,000 after purchasing an additional 9,980 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Advantage Solutions by 14.8% in the third quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock valued at $189,000 after purchasing an additional 7,114 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Stock Performance

Shares of ADV opened at $1.56 on Wednesday. Advantage Solutions Inc. has a 12-month low of $1.51 and a 12-month high of $4.95. The stock has a market cap of $501.40 million, a P/E ratio of -3.80 and a beta of 1.66. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average of $2.37 and a two-hundred day moving average of $2.95.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price target on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a research note 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.