Citizens Financial Group Inc. RI Increases Holdings in Advantage Solutions Inc. $ADV

Citizens Financial Group Inc. RI raised its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 73.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,000 shares of the company’s stock after purchasing an additional 87,801 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Advantage Solutions were worth $183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning acquired a new stake in shares of Advantage Solutions in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in Advantage Solutions in the 2nd quarter worth approximately $31,000. Two Sigma Investments LP purchased a new position in Advantage Solutions in the 3rd quarter worth approximately $35,000. Virtu Financial LLC acquired a new stake in Advantage Solutions in the third quarter valued at approximately $36,000. Finally, Voleon Capital Management LP acquired a new stake in Advantage Solutions in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, January 21st. Morgan Stanley set a $18.75 price objective on shares of Advantage Solutions in a report on Tuesday, March 3rd. Zacks Research cut shares of Advantage Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Finally, Canaccord Genuity Group lowered their target price on Advantage Solutions from $62.50 to $37.50 and set a “buy” rating for the company in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $28.13.

Advantage Solutions Stock Performance

Advantage Solutions stock opened at $37.78 on Wednesday. Advantage Solutions Inc. has a 52 week low of $12.23 and a 52 week high of $53.63. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 3.00. The stock has a market cap of $494.92 million, a P/E ratio of -2.16 and a beta of 2.21. The stock has a 50 day moving average of $23.06 and a 200-day moving average of $23.86.

Advantage Solutions Profile

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.