Sovereign s Capital Management LLC Has $197,000 Stock Holdings in Advantage Solutions Inc. $ADV

Sovereign s Capital Management LLC reduced its position in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 73.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 223,629 shares of the company’s stock after selling 610,210 shares during the quarter. Sovereign s Capital Management LLC’s holdings in Advantage Solutions were worth $197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in Advantage Solutions by 4.0% during the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock worth $2,671,000 after buying an additional 68,177 shares during the period. Strs Ohio bought a new stake in Advantage Solutions during the 1st quarter worth approximately $117,000. Creative Planning acquired a new position in Advantage Solutions in the 2nd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Advantage Solutions in the 2nd quarter valued at approximately $31,000. Finally, Bank of America Corp DE raised its stake in shares of Advantage Solutions by 21.8% during the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after acquiring an additional 12,816 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Insider Transactions at Advantage Solutions

In other news, CEO David A. Peacock bought 800 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $34.60 per share, for a total transaction of $27,680.00. Following the completion of the acquisition, the chief executive officer directly owned 216,364 shares in the company, valued at approximately $7,486,194.40. This represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 9.40% of the stock is currently owned by insiders.

Advantage Solutions Trading Down 3.0%

NASDAQ:ADV opened at $37.73 on Wednesday. Advantage Solutions Inc. has a 52 week low of $12.23 and a 52 week high of $53.63. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.95 and a current ratio of 1.95. The firm’s fifty day moving average is $35.08 and its 200-day moving average is $25.41. The firm has a market cap of $501.81 million, a P/E ratio of -2.01 and a beta of 2.21.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ADV shares. Zacks Research upgraded shares of Advantage Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Canaccord Genuity Group raised their target price on Advantage Solutions from $37.50 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley set a $18.75 target price on Advantage Solutions in a report on Tuesday, March 3rd. Wall Street Zen lowered Advantage Solutions from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings raised Advantage Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.38.

About Advantage Solutions

Advantage Solutions is a leading sales and marketing agency that provides outsourced solutions to consumer packaged goods companies. The firm’s offerings include field sales execution, retail merchandising, in-store and shopper marketing, e-commerce activation and data-driven analytics. By deploying dedicated sales teams alongside proprietary technology, Advantage Solutions helps brands optimize shelf placement, ensure compliance with promotional programs and strengthen consumer engagement.

The company’s service portfolio spans field sales and marketing, retail execution, brand ambassador programs, digital and experiential promotions, and shopper insights.