CastleKnight Management LP Boosts Stake in Advantage Solutions Inc. $ADV

CastleKnight Management LP grew its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,794,950 shares of the company’s stock after buying an additional 1,806,891 shares during the period. CastleKnight Management LP owned 3.62% of Advantage Solutions worth $10,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Graham Capital Management L.P. raised its holdings in shares of Advantage Solutions by 285.1% in the fourth quarter. Graham Capital Management L.P. now owns 88,862 shares of the company’s stock worth $78,000 after buying an additional 65,785 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Advantage Solutions by 760.9% in the fourth quarter. Squarepoint Ops LLC now owns 175,542 shares of the company’s stock worth $154,000 after buying an additional 155,151 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Advantage Solutions by 37.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,761,016 shares of the company’s stock worth $3,310,000 after buying an additional 1,024,633 shares during the last quarter. State Street Corp raised its holdings in shares of Advantage Solutions by 4.2% in the fourth quarter. State Street Corp now owns 2,180,442 shares of the company’s stock worth $1,919,000 after buying an additional 88,129 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Advantage Solutions by 25.3% in the fourth quarter. Wells Fargo & Company MN now owns 164,316 shares of the company’s stock worth $145,000 after buying an additional 33,183 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Advantage Solutions Stock Down 0.0%

ADV stock opened at $37.72 on Thursday. The firm has a market cap of $501.68 million, a PE ratio of -2.01 and a beta of 2.21. 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 $35.37 and its 200 day moving average is $25.51. Advantage Solutions Inc. has a one year low of $12.23 and a one year high of $53.63.

Insider Activity at Advantage Solutions

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

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.