Geode Capital Management LLC Sells 501,475 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Geode Capital Management LLC lessened its holdings in Advantage Solutions Inc. (NASDAQ:ADV) by 18.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,148,036 shares of the company’s stock after selling 501,475 shares during the quarter. Geode Capital Management LLC owned 0.67% of Advantage Solutions worth $7,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ADV. Bank of New York Mellon Corp grew its position in Advantage Solutions by 24.7% during the second quarter. Bank of New York Mellon Corp now owns 579,116 shares of the company’s stock valued at $1,865,000 after buying an additional 114,770 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Advantage Solutions in the second quarter valued at about $31,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Advantage Solutions by 46.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after acquiring an additional 8,256 shares during the period. Principal Financial Group Inc. increased its stake in shares of Advantage Solutions by 11.9% during the 2nd quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock worth $155,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Advantage Solutions by 11.3% in the 2nd quarter. Rhumbline Advisers now owns 149,818 shares of the company’s stock worth $482,000 after purchasing an additional 15,158 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 acquired at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the purchase, the chief executive officer now 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.20% of the company’s stock.

Advantage Solutions Price Performance

Advantage Solutions stock opened at $2.81 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The business’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $3.44. Advantage Solutions Inc. has a 12 month low of $2.70 and a 12 month high of $4.95. The company has a market cap of $901.32 million, a price-to-earnings ratio of -6.85 and a beta of 1.51.

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.