Advantage Solutions Inc. (NASDAQ:ADV) Stock Holdings Lifted by CVC Management Holdings II Ltd.

CVC Management Holdings II Ltd. lifted its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 81,610,235 shares of the company’s stock after buying an additional 902,415 shares during the quarter. Advantage Solutions comprises about 23.9% of CVC Management Holdings II Ltd.’s portfolio, making the stock its 2nd largest holding. CVC Management Holdings II Ltd. owned approximately 0.25% of Advantage Solutions worth $262,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Advantage Solutions by 22.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,007 shares of the company’s stock valued at $109,000 after purchasing an additional 4,584 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Advantage Solutions by 11.9% in the 2nd quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock valued at $155,000 after buying an additional 5,107 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Advantage Solutions by 22.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock valued at $112,000 after buying an additional 6,449 shares during the period. Acadian Asset Management LLC acquired a new position in Advantage Solutions during the first quarter worth $29,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Advantage Solutions by 46.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock worth $84,000 after acquiring an additional 8,256 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advantage Solutions

In other news, CEO David A. Peacock acquired 15,000 shares of Advantage Solutions stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $3.40 per share, with a total value of $51,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,335,396 shares in the company, valued at approximately $7,940,346.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.20% of the company’s stock.

Advantage Solutions Price Performance

Advantage Solutions stock opened at $3.60 on Tuesday. The company has a market cap of $1.16 billion, a P/E ratio of -51.43 and a beta of 1.48. Advantage Solutions Inc. has a one year low of $1.85 and a one year high of $4.95. The business has a fifty day moving average of $3.77 and a two-hundred day moving average of $3.76. 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 (NASDAQ:ADV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) EPS 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 analyst estimates of $909.64 million. As a group, analysts predict that Advantage Solutions Inc. will post 0.39 earnings per share for the current fiscal year.

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.