Susquehanna Portfolio Strategies LLC Sells 28,705 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Susquehanna Portfolio Strategies LLC lessened its position in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 71.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,436 shares of the company’s stock after selling 28,705 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Advantage Solutions were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 during the last quarter. CVC Management Holdings II Ltd. raised its position in Advantage Solutions by 1.1% in the 2nd quarter. CVC Management Holdings II Ltd. now owns 81,610,235 shares of the company’s stock valued at $262,785,000 after buying an additional 902,415 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Advantage Solutions during the fourth quarter valued at about $55,000. BlackBarn Capital Partners LP purchased a new position in shares of Advantage Solutions in the 4th quarter worth approximately $2,956,000. Finally, Principal Financial Group Inc. boosted its position in Advantage Solutions by 293.0% in the first quarter. Principal Financial Group Inc. now owns 42,986 shares of the company’s stock worth $186,000 after purchasing an additional 32,049 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Insider Activity at Advantage Solutions

In related news, CEO David A. Peacock purchased 15,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $3.40 per share, with a total value of $51,000.00. Following the acquisition, the chief executive officer now directly owns 2,335,396 shares of the company’s stock, valued at $7,940,346.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.20% of the stock is owned by corporate insiders.

Advantage Solutions Trading Up 0.3 %

NASDAQ:ADV opened at $3.51 on Monday. The firm’s 50 day moving average is $3.74 and its 200 day moving average is $3.74. Advantage Solutions Inc. has a 12 month low of $1.85 and a 12 month high of $4.95. The stock has a market capitalization of $1.13 billion, a PE ratio of -50.14 and a beta of 1.48. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.82.

Advantage Solutions (NASDAQ:ADV) last announced its quarterly 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). Advantage Solutions had a negative net margin of 2.72% and a negative return on equity of 5.96%. The company had revenue of $873.36 million during the quarter, compared to analysts’ expectations of $909.64 million. Sell-side analysts expect that Advantage Solutions Inc. will post 0.39 earnings per share for the current year.

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.