CastleKnight Management LP Purchases 1,496,994 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

CastleKnight Management LP lifted its position in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,924,922 shares of the company's stock after buying an additional 1,496,994 shares during the period. CastleKnight Management LP owned about 1.22% of Advantage Solutions worth $11,461,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ADV. CIBC Asset Management Inc purchased a new stake in shares of Advantage Solutions in the fourth quarter worth approximately $30,000. Dynamic Technology Lab Private Ltd purchased a new position in Advantage Solutions in the 4th quarter worth about $33,000. Forum Financial Management LP bought a new position in Advantage Solutions in the fourth quarter worth approximately $34,000. BNP Paribas Financial Markets purchased a new stake in Advantage Solutions during the 4th quarter valued at approximately $39,000. Finally, Brevan Howard Capital Management LP purchased a new stake in Advantage Solutions during the fourth quarter valued at approximately $47,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Trading Down 3.6 %

Shares of ADV stock opened at $1.33 on Tuesday. 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 business's 50 day moving average is $1.55 and its two-hundred day moving average is $2.50. The company has a market capitalization of $427.47 million, a P/E ratio of -3.24 and a beta of 2.10. Advantage Solutions Inc. has a twelve month low of $1.11 and a twelve month high of $4.68.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of Advantage Solutions from $5.50 to $3.50 and set a "buy" rating on the stock in a research 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.

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