CVC Management Holdings II Ltd. Buys 902,415 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

CVC Management Holdings II Ltd. grew its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 81,610,235 shares of the company’s stock after buying an additional 902,415 shares during the quarter. Advantage Solutions accounts for approximately 23.9% of CVC Management Holdings II Ltd.’s portfolio, making the stock its 2nd biggest position. CVC Management Holdings II Ltd. owned approximately 25.33% of Advantage Solutions worth $262,785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atairos Partners GP Inc. grew its holdings in Advantage Solutions by 114.7% during the 4th quarter. Atairos Partners GP Inc. now owns 4,253,728 shares of the company’s stock worth $15,398,000 after acquiring an additional 2,272,428 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Advantage Solutions during the fourth quarter worth $55,000. Victory Capital Management Inc. purchased a new position in Advantage Solutions in the fourth quarter valued at $51,000. BlackBarn Capital Partners LP acquired a new stake in Advantage Solutions in the fourth quarter valued at $2,956,000. Finally, Principal Financial Group Inc. lifted its holdings in Advantage Solutions by 293.0% during the 1st quarter. Principal Financial Group Inc. now owns 42,986 shares of the company’s stock worth $186,000 after buying an additional 32,049 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Advantage Solutions Trading Down 6.7 %

ADV opened at $3.60 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.12 and a current ratio of 2.12. Advantage Solutions Inc. has a one year low of $1.85 and a one year high of $4.95. The company has a market cap of $1.16 billion, a P/E ratio of -51.43 and a beta of 1.48. The business’s 50-day simple moving average is $3.77 and its 200-day simple moving average is $3.76.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.14). The company had revenue of $873.36 million for 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, equities research analysts expect that Advantage Solutions Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David A. Peacock acquired 15,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $3.40 per share, for a total transaction of $51,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,335,396 shares of the company’s stock, valued at approximately $7,940,346.40. The transaction 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.

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.