Advantage Solutions Inc. $ADV Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC decreased its holdings in Advantage Solutions by 8.2%, selling 257,180 shares and retaining 2,893,683 shares overall, valued at approximately $4.37 million.
• Several institutional investors have recently made new investments in Advantage Solutions, with varying amounts, bringing the total institutional ownership to 49.82%.
• Advantage Solutions' stock shares increased by 2.3%, with a current market price of $1.78 and a consensus analyst rating of "Buy".

Bridgeway Capital Management LLC reduced its stake in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,893,683 shares of the company's stock after selling 257,180 shares during the quarter. Bridgeway Capital Management LLC owned about 0.90% of Advantage Solutions worth $4,369,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ADV. Cornerstone Wealth Management LLC acquired a new position in Advantage Solutions during the 1st quarter valued at approximately $25,000. Humankind Investments LLC acquired a new stake in shares of Advantage Solutions during the fourth quarter worth $31,000. Forum Financial Management LP purchased a new stake in shares of Advantage Solutions during the fourth quarter valued at $34,000. BNP Paribas Financial Markets acquired a new position in shares of Advantage Solutions in the 4th quarter valued at $39,000. Finally, St. Louis Financial Planners Asset Management LLC acquired a new position in shares of Advantage Solutions in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Advantage Solutions Stock Performance

Shares of ADV stock traded up $0.14 on Monday, hitting $1.92. The company had a trading volume of 983,690 shares, compared to its average volume of 693,595. Advantage Solutions Inc. has a twelve month low of $1.04 and a twelve month high of $4.10. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 2.43. The firm has a market cap of $625.82 million, a P/E ratio of -2.04 and a beta of 2.19. The company has a 50-day moving average price of $1.63 and a 200-day moving average price of $1.54.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ADV shares. Morgan Stanley set a $2.00 price target on Advantage Solutions in a research note on Wednesday, May 14th. Canaccord Genuity Group decreased their target price on Advantage Solutions from $3.50 to $2.50 and set a "buy" rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Advantage Solutions has an average rating of "Buy" and an average price target of $2.25.

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.