State Street Corp Reduces Holdings in Advantage Solutions Inc. (NASDAQ:ADV)

State Street Corp lowered its position in Advantage Solutions Inc. (NASDAQ:ADV) by 0.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,139,955 shares of the company’s stock after selling 19,372 shares during the period. State Street Corp owned 0.67% of Advantage Solutions worth $7,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADV. Paloma Partners Management Co acquired a new stake in shares of Advantage Solutions in the third quarter valued at about $77,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 valued at $669,000 after acquiring an additional 36,547 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Advantage Solutions in the 3rd quarter valued at about $99,000. Empowered Funds LLC lifted its stake in Advantage Solutions by 13.9% in the 3rd quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock worth $5,549,000 after purchasing an additional 197,534 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Advantage Solutions by 14.8% during the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock worth $189,000 after purchasing an additional 7,114 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Price Performance

NASDAQ:ADV opened at $2.97 on Friday. Advantage Solutions Inc. has a one year low of $2.70 and a one year high of $4.95. The stock has a market cap of $952.64 million, a PE ratio of -7.24 and a beta of 1.51. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50 day moving average price of $3.31 and a 200 day moving average price of $3.44.

Insider Buying and Selling at Advantage Solutions

In other news, CEO David A. Peacock bought 16,633 shares of Advantage Solutions stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $3.30 per share, with a total value of $54,888.90. Following the completion of the purchase, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by company insiders.

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.