State Street Corp Trims Stake in Advantage Solutions Inc. (NASDAQ:ADV)

State Street Corp lessened its holdings in Advantage Solutions Inc. (NASDAQ:ADV) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,139,955 shares of the company’s stock after selling 19,372 shares during the period. State Street Corp’s holdings in Advantage Solutions were worth $7,340,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADV. Paloma Partners Management Co purchased a new stake in Advantage Solutions in the 3rd quarter valued at about $77,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Advantage Solutions by 23.1% during the third 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 purchased a new stake in shares of Advantage Solutions in the 3rd quarter valued at approximately $99,000. Empowered Funds LLC lifted its holdings in shares of 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 acquiring an additional 197,534 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position 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 period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of Advantage Solutions stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $3.30 per share, with a total value of $54,888.90. Following the completion of the transaction, the chief executive officer now owns 2,352,029 shares of the company’s stock, valued at $7,761,695.70. This trade represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.20% of the company’s stock.

Advantage Solutions Stock Down 2.0 %

Advantage Solutions stock opened at $2.97 on Friday. The company has a market capitalization 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. Advantage Solutions Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $4.95. The firm has a 50 day moving average price of $3.31 and a 200 day moving average price of $3.44.

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.