Marshall Wace LLP Sells 110,067 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Marshall Wace LLP cut its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 565,096 shares of the company’s stock after selling 110,067 shares during the quarter. Marshall Wace LLP owned approximately 0.18% of Advantage Solutions worth $1,820,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CVC Management Holdings II Ltd. increased its holdings in shares of Advantage Solutions by 1.1% in the second quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock valued at $262,785,000 after purchasing an additional 902,415 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Advantage Solutions in the 2nd quarter valued at about $321,000. Dimensional Fund Advisors LP raised its holdings in Advantage Solutions by 68.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock worth $10,971,000 after purchasing an additional 1,388,198 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Advantage Solutions by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock worth $112,000 after purchasing an additional 6,449 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Advantage Solutions by 9.1% in the second quarter. American Century Companies Inc. now owns 143,234 shares of the company’s stock valued at $461,000 after purchasing an additional 11,945 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Stock Down 2.2 %

Advantage Solutions stock opened at $3.06 on Friday. Advantage Solutions Inc. has a 12 month low of $1.85 and a 12 month high of $4.95. The stock has a market capitalization of $985.87 million, a PE ratio of -43.71 and a beta of 1.47. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.12 and a quick ratio of 2.12. The business has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.72.

Advantage Solutions (NASDAQ:ADV) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.14). The company had revenue of $873.36 million during the quarter, compared to analysts’ expectations of $909.64 million. Advantage Solutions had a negative return on equity of 5.96% and a negative net margin of 2.72%. On average, analysts anticipate that Advantage Solutions Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Advantage Solutions

In related news, CEO David A. Peacock purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $3.40 per share, with a total value of $51,000.00. Following the purchase, the chief executive officer now owns 2,335,396 shares of the company’s stock, valued at $7,940,346.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

Advantage Solutions 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.