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

Sovereign s Capital Management LLC lowered its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 73.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,629 shares of the company’s stock after selling 610,210 shares during the quarter. Sovereign s Capital Management LLC owned about 0.07% of Advantage Solutions worth $197,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of Advantage Solutions by 4.0% during the 1st quarter. Empowered Funds LLC now owns 1,769,040 shares of the company’s stock valued at $2,671,000 after acquiring an additional 68,177 shares during the period. Strs Ohio bought a new position in shares of Advantage Solutions in the first quarter worth $117,000. Creative Planning bought a new position in shares of Advantage Solutions in the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Advantage Solutions in the second quarter valued at about $31,000. Finally, Bank of America Corp DE raised its stake in Advantage Solutions by 21.8% in the second quarter. Bank of America Corp DE now owns 71,676 shares of the company’s stock valued at $95,000 after purchasing an additional 12,816 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Advantage Solutions Stock Down 3.0%

Shares of NASDAQ ADV opened at $37.73 on Wednesday. The company has a market cap of $501.81 million, a price-to-earnings ratio of -2.01 and a beta of 2.21. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.18. Advantage Solutions Inc. has a 12 month low of $12.23 and a 12 month high of $53.63. The stock has a 50-day moving average price of $35.08 and a two-hundred day moving average price of $25.41.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

Advantage Solutions Company Profile

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.