Advantage Solutions Inc. (NASDAQ:ADV) Stock Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 22.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,592 shares of the company’s stock after purchasing an additional 10,025 shares during the period. The Manufacturers Life Insurance Company’s holdings in Advantage Solutions were worth $179,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in Advantage Solutions in the 1st quarter worth about $29,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Advantage Solutions during the second quarter worth approximately $31,000. Quadrature Capital Ltd purchased a new position in Advantage Solutions during the fourth quarter valued at approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Advantage Solutions by 46.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after buying an additional 8,256 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Advantage Solutions in the 1st quarter worth approximately $97,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Trading Down 0.6 %

Advantage Solutions stock opened at $3.14 on Friday. Advantage Solutions Inc. has a 12 month low of $1.85 and a 12 month high of $4.95. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.82. The stock has a market cap of $1.01 billion, a P/E ratio of -44.86 and a beta of 1.47. The company’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $3.63.

Advantage Solutions (NASDAQ:ADV) last issued its earnings results on Wednesday, August 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.14). The firm had revenue of $873.36 million during the quarter, compared to analyst estimates of $909.64 million. Advantage Solutions had a negative return on equity of 5.96% and a negative net margin of 2.72%. As a group, sell-side analysts forecast that Advantage Solutions Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Advantage Solutions

In related news, CEO David A. Peacock bought 15,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,335,396 shares in the company, valued at approximately $7,940,346.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.20% of the company’s stock.

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.