Millennium Management LLC Has $1.75 Million Position in Advantage Solutions Inc. (NASDAQ:ADV)

Millennium Management LLC boosted its holdings in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 193.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600,149 shares of the company's stock after acquiring an additional 395,651 shares during the quarter. Millennium Management LLC owned 0.19% of Advantage Solutions worth $1,752,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new stake in Advantage Solutions during the 4th quarter worth approximately $30,000. Humankind Investments LLC bought a new stake in Advantage Solutions during the 4th quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd bought a new stake in Advantage Solutions during the 4th quarter worth approximately $33,000. Forum Financial Management LP bought a new stake in Advantage Solutions during the 4th quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets bought a new stake in Advantage Solutions during the 4th quarter worth approximately $39,000. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Trading Up 6.6%

Shares of NASDAQ ADV traded up $0.08 during midday trading on Friday, reaching $1.30. The stock had a trading volume of 431,134 shares, compared to its average volume of 652,676. The firm has a market cap of $421.61 million, a price-to-earnings ratio of -3.17 and a beta of 2.02. Advantage Solutions Inc. has a twelve month low of $1.04 and a twelve month high of $4.16. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The company's 50 day moving average price is $1.26 and its 200 day moving average price is $2.17.

Insider Transactions at Advantage Solutions

In related news, Director James M. Kilts bought 24,224 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $1.22 per share, for a total transaction of $29,553.28. Following the transaction, the director now directly owns 1,044,109 shares of the company's stock, valued at approximately $1,273,812.98. The trade was a 2.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 166,931 shares of company stock worth $204,503. Company insiders own 6.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ADV shares. Canaccord Genuity Group dropped their price target on shares of Advantage Solutions from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley set a $2.00 price target on shares of Advantage Solutions in a research report on Wednesday, May 14th.

Advantage Solutions 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.