Allspring Global Investments Holdings LLC Sells 43,227 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Allspring Global Investments Holdings LLC lowered its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,561 shares of the company’s stock after selling 43,227 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Advantage Solutions were worth $306,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ADV. Caprock Group LLC lifted its position in Advantage Solutions by 49.8% during the fourth quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock valued at $68,000 after buying an additional 6,220 shares during the period. SG Americas Securities LLC lifted its position in Advantage Solutions by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 49,288 shares of the company’s stock valued at $178,000 after buying an additional 10,103 shares during the period. BancFirst Trust & Investment Management lifted its position in Advantage Solutions by 50.0% during the fourth quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock valued at $58,000 after buying an additional 5,000 shares during the period. Vanguard Group Inc. lifted its position in Advantage Solutions by 2.6% during the third quarter. Vanguard Group Inc. now owns 8,228,477 shares of the company’s stock valued at $23,369,000 after buying an additional 205,992 shares during the period. Finally, Kennedy Capital Management LLC purchased a new position in Advantage Solutions during the third quarter valued at $2,070,000. Institutional investors own 49.82% of the company’s stock.

Insiders Place Their Bets

In other Advantage Solutions news, COO Jack Anthony Pestello bought 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $3.87 per share, with a total value of $38,700.00. Following the transaction, the chief operating officer now owns 146,279 shares in the company, valued at $566,099.73. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.50% of the stock is owned by insiders.

Advantage Solutions Price Performance

ADV opened at $4.51 on Friday. The stock has a 50-day moving average price of $4.14 and a 200-day moving average price of $3.55. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market cap of $1.45 billion, a PE ratio of -22.55 and a beta of 1.59. Advantage Solutions Inc. has a 1 year low of $1.13 and a 1 year high of $4.95.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Advantage Solutions had a negative return on equity of 4.51% and a negative net margin of 1.35%. Sell-side analysts predict that Advantage Solutions Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet raised Advantage Solutions from a “d” rating to a “c-” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.43.

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.