Advantage Solutions (NASDAQ:ADV) Trading Down 10.9% – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price dropped 10.9% on Monday . The stock traded as low as $1.91 and last traded at $1.92. Approximately 157,677 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 691,230 shares. The stock had previously closed at $2.15.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a report on Tuesday.

Advantage Solutions Stock Down 11.8 %

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 has a market capitalization of $514.81 million, a price-to-earnings ratio of -3.91 and a beta of 1.66. The firm has a 50-day moving average price of $2.56 and a two-hundred day moving average price of $3.10.

Institutional Trading of Advantage Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in ADV. Dimensional Fund Advisors LP raised its stake in shares of Advantage Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock worth $13,679,000 after purchasing an additional 479,348 shares in the last quarter. CastleKnight Management LP boosted its stake in Advantage Solutions by 61.7% in the 4th quarter. CastleKnight Management LP now owns 3,924,922 shares of the company’s stock valued at $11,461,000 after purchasing an additional 1,496,994 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Advantage Solutions by 1.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company’s stock worth $9,201,000 after purchasing an additional 53,105 shares in the last quarter. Empowered Funds LLC grew its position in Advantage Solutions by 5.1% during the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock worth $4,967,000 after buying an additional 83,105 shares in the last quarter. Finally, Sovereign s Capital Management LLC acquired a new stake in shares of Advantage Solutions during the 4th quarter worth $2,599,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.