Advantage Solutions (NASDAQ:ADV) Hits New 1-Year Low - Here's What Happened

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.51 and last traded at $1.58, with a volume of 91490 shares traded. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their target price on Advantage Solutions from $5.50 to $3.50 and set a "buy" rating for the company in a report on Tuesday, March 11th.

Advantage Solutions Price Performance

The stock has a fifty day moving average of $2.41 and a two-hundred day moving average of $3.01. The stock has a market capitalization of $538.36 million, a price-to-earnings ratio of -4.09 and a beta of 1.66. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81.

Institutional Investors Weigh In On Advantage Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ADV. Principal Financial Group Inc. increased its stake in shares of Advantage Solutions by 14.8% in the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company's stock valued at $189,000 after buying an additional 7,114 shares during the period. Intech Investment Management LLC bought a new position in shares of Advantage Solutions in the 3rd quarter worth $99,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Advantage Solutions by 23.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company's stock worth $669,000 after purchasing an additional 36,547 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Advantage Solutions in the 3rd quarter worth $77,000. Finally, Jane Street Group LLC boosted its position in shares of Advantage Solutions by 29.1% in the 3rd quarter. Jane Street Group LLC now owns 604,588 shares of the company's stock worth $2,074,000 after purchasing an additional 136,276 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

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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.