JPMorgan Chase & Co. Buys 174,220 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

JPMorgan Chase & Co. increased its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 116.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 323,374 shares of the company’s stock after purchasing an additional 174,220 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of Advantage Solutions worth $1,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Advantage Solutions by 68.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock worth $10,971,000 after buying an additional 1,388,198 shares during the period. Empowered Funds LLC increased its stake in Advantage Solutions by 13.9% in the third 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 during the period. AQR Capital Management LLC lifted its position in shares of Advantage Solutions by 88.1% during the second quarter. AQR Capital Management LLC now owns 333,534 shares of the company’s stock worth $1,074,000 after purchasing an additional 156,248 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Advantage Solutions by 29.1% during the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock valued at $2,074,000 after purchasing an additional 136,276 shares during the period. Finally, Barclays PLC grew its holdings in shares of Advantage Solutions by 318.7% in the third quarter. Barclays PLC now owns 166,024 shares of the company’s stock worth $570,000 after purchasing an additional 126,375 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Trading Up 1.1 %

Shares of ADV opened at $2.65 on Friday. The firm has a market capitalization of $849.99 million, a price-to-earnings ratio of -6.46 and a beta of 1.55. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. Advantage Solutions Inc. has a 1-year low of $2.22 and a 1-year high of $4.95. The company has a 50-day moving average of $3.07 and a 200 day moving average of $3.37.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.23). The company had revenue of $939.27 million for the quarter, compared to the consensus estimate of $935.21 million. Advantage Solutions had a negative net margin of 3.32% and a negative return on equity of 7.58%. During the same period in the prior year, the firm posted ($0.07) EPS. On average, research analysts expect that Advantage Solutions Inc. will post -0.51 EPS for the current year.

Insider Transactions at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of Advantage Solutions stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price 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 represents a 0.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.20% of the company’s stock.

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.