CastleKnight Management LP Grows Position in Advantage Solutions Inc. (NASDAQ:ADV)

CastleKnight Management LP increased its position in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 61.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,924,922 shares of the company's stock after purchasing an additional 1,496,994 shares during the quarter. CastleKnight Management LP owned approximately 1.22% of Advantage Solutions worth $11,461,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new stake in Advantage Solutions in the 4th quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new position in Advantage Solutions in the 4th quarter worth about $33,000. Forum Financial Management LP purchased a new stake in shares of Advantage Solutions during the 4th quarter valued at $34,000. BNP Paribas Financial Markets bought a new position in Advantage Solutions during the fourth quarter valued at approximately $39,000. Finally, Brevan Howard Capital Management LP bought a new stake in Advantage Solutions in the fourth quarter valued at approximately $47,000. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Stock Up 5.4 %

Shares of NASDAQ ADV traded up $0.08 during mid-day trading on Friday, hitting $1.46. 655,943 shares of the stock traded hands, compared to its average volume of 675,535. Advantage Solutions Inc. has a 52 week low of $1.11 and a 52 week high of $4.16. The stock has a fifty day moving average price of $1.47 and a 200-day moving average price of $2.45. The company has a market cap of $467.65 million, a price-to-earnings ratio of -3.55 and a beta of 2.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on Advantage Solutions from $5.50 to $3.50 and set a "buy" rating for the company in a report 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.