James M. Kilts Buys 10,003 Shares of Advantage Solutions Inc. (NASDAQ:ADV) Stock

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) Director James M. Kilts acquired 10,003 shares of the stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average price of $1.27 per share, with a total value of $12,703.81. Following the completion of the acquisition, the director now owns 1,130,570 shares in the company, valued at approximately $1,435,823.90. The trade was a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Advantage Solutions Trading Down 2.4%

NASDAQ:ADV traded down $0.03 during midday trading on Friday, reaching $1.21. 1,975,064 shares of the stock traded hands, compared to its average volume of 659,986. The company has a fifty day moving average of $1.29 and a 200 day moving average of $2.24. Advantage Solutions Inc. has a 12 month low of $1.04 and a 12 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 stock has a market capitalization of $392.42 million, a P/E ratio of -2.95 and a beta of 2.10.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Advantage Solutions during the 1st quarter valued at $117,000. Empowered Funds LLC raised its holdings in Advantage Solutions by 4.0% in the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company's stock worth $2,671,000 after purchasing an additional 68,177 shares in the last quarter. Contrarian Capital Management L.L.C. raised its holdings in Advantage Solutions by 13.5% in the 1st quarter. Contrarian Capital Management L.L.C. now owns 1,451,140 shares of the company's stock worth $2,191,000 after purchasing an additional 173,000 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Advantage Solutions by 15.3% in the 1st quarter. Hsbc Holdings PLC now owns 110,132 shares of the company's stock worth $166,000 after purchasing an additional 14,606 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Advantage Solutions by 15.5% in the 1st quarter. American Century Companies Inc. now owns 165,077 shares of the company's stock worth $249,000 after purchasing an additional 22,136 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.