Dimensional Fund Advisors LP Grows Stock Holdings in Advantage Solutions Inc. (NASDAQ:ADV)

Dimensional Fund Advisors LP boosted its holdings in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,684,721 shares of the company's stock after buying an additional 479,348 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.46% of Advantage Solutions worth $13,679,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new position in Advantage Solutions in the fourth quarter valued at $30,000. Dynamic Technology Lab Private Ltd acquired a new position in Advantage Solutions in the fourth quarter valued at approximately $33,000. Forum Financial Management LP acquired a new position in Advantage Solutions in the fourth quarter valued at approximately $34,000. KLP Kapitalforvaltning AS acquired a new position in Advantage Solutions during the fourth quarter worth $48,000. Finally, a16z Perennial Management L.P. acquired a new position in Advantage Solutions during the fourth quarter worth $55,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Stock Performance

Shares of ADV traded down $0.07 during mid-day trading on Tuesday, hitting $1.14. 497,991 shares of the company's stock were exchanged, compared to its average volume of 675,520. Advantage Solutions Inc. has a fifty-two week low of $1.11 and a fifty-two week high of $4.16. The firm has a market capitalization of $364.80 million, a P/E ratio of -2.77 and a beta of 2.10. The business's 50 day moving average is $1.44 and its two-hundred day moving average is $2.43. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday.

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.