Advantage Solutions (NASDAQ:ADV) Shares Down 6.2% – What’s Next?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price was down 6.2% during trading on Wednesday . The company traded as low as $2.52 and last traded at $2.49. Approximately 52,065 shares were traded during trading, a decline of 86% from the average daily volume of 368,012 shares. The stock had previously closed at $2.65.

Advantage Solutions Stock Down 1.0 %

The stock has a market cap of $787.44 million, a price-to-earnings ratio of -5.99 and a beta of 1.54. 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 firm’s 50 day moving average is $2.76 and its two-hundred day moving average is $3.23.

Hedge Funds Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its stake in Advantage Solutions by 103.6% in the 3rd quarter. SG Americas Securities LLC now owns 39,329 shares of the company’s stock worth $135,000 after acquiring an additional 20,009 shares during the period. Creative Planning acquired a new position in Advantage Solutions in the third quarter valued at $82,000. Principal Financial Group Inc. increased its stake 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. Empowered Funds LLC boosted its stake in Advantage Solutions by 13.9% in the 3rd quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock worth $5,549,000 after buying an additional 197,534 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Advantage Solutions in the 3rd quarter worth about $99,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.