16,132 Shares in Advantage Solutions Inc. (NASDAQ:ADV) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new position in Advantage Solutions Inc. (NASDAQ:ADV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,132 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds have also made changes to their positions in the stock. Barclays PLC increased its position in Advantage Solutions by 318.7% in the 3rd quarter. Barclays PLC now owns 166,024 shares of the company’s stock valued at $570,000 after acquiring an additional 126,375 shares during the period. JPMorgan Chase & Co. increased its position in Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after acquiring an additional 174,220 shares during the period. SG Americas Securities LLC increased its position in Advantage Solutions by 22.5% in the 4th quarter. SG Americas Securities LLC now owns 48,178 shares of the company’s stock valued at $141,000 after acquiring an additional 8,849 shares during the period. Inspire Investing LLC increased its position in Advantage Solutions by 12.6% in the 4th quarter. Inspire Investing LLC now owns 138,031 shares of the company’s stock valued at $403,000 after acquiring an additional 15,406 shares during the period. Finally, Empowered Funds LLC increased its position in Advantage Solutions by 5.1% in the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock valued at $4,967,000 after acquiring an additional 83,105 shares during the period. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Advantage Solutions from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Tuesday.

Advantage Solutions Stock Down 6.2%

ADV opened at $1.13 on Wednesday. Advantage Solutions Inc. has a 12 month low of $1.11 and a 12 month high of $4.16. 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 stock has a market cap of $363.19 million, a P/E ratio of -2.76 and a beta of 2.10. The stock’s 50 day moving average price is $1.42 and its 200 day moving average price is $2.43.

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.