Sovereign s Capital Management LLC Takes Position in Advantage Solutions Inc. (NASDAQ:ADV)

Sovereign s Capital Management LLC bought a new stake in shares of Advantage Solutions Inc. (NASDAQ:ADV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 890,225 shares of the company's stock, valued at approximately $2,599,000. Advantage Solutions accounts for about 1.7% of Sovereign s Capital Management LLC's portfolio, making the stock its 26th largest position. Sovereign s Capital Management LLC owned approximately 0.28% of Advantage Solutions as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ADV. JPMorgan Chase & Co. grew its position in shares of Advantage Solutions by 116.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company's stock valued at $1,109,000 after acquiring an additional 174,220 shares during the period. SG Americas Securities LLC grew its position in shares of Advantage Solutions by 22.5% during the 4th quarter. SG Americas Securities LLC now owns 48,178 shares of the company's stock valued at $141,000 after acquiring an additional 8,849 shares during the period. Inspire Investing LLC grew its position in shares of Advantage Solutions by 12.6% during the 4th quarter. Inspire Investing LLC now owns 138,031 shares of the company's stock valued at $403,000 after acquiring an additional 15,406 shares during the period. Empowered Funds LLC grew its position in shares of Advantage Solutions by 5.1% during the 4th quarter. Empowered Funds LLC now owns 1,700,863 shares of the company's stock valued at $4,967,000 after acquiring an additional 83,105 shares during the period. Finally, a16z Perennial Management L.P. acquired a new stake in shares of Advantage Solutions during the 4th quarter valued at about $55,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Price Performance

ADV stock traded down $0.01 during trading on Thursday, hitting $1.16. The stock had a trading volume of 669,033 shares, compared to its average volume of 660,539. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The company's 50-day moving average price is $1.35 and its two-hundred day moving average price is $2.35. Advantage Solutions Inc. has a twelve month low of $1.04 and a twelve month high of $4.16. The stock has a market capitalization of $376.20 million, a P/E ratio of -2.83 and a beta of 2.10.

Analyst Ratings Changes

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

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.