Clearbridge Investments LLC Purchases 251,742 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Clearbridge Investments LLC grew its position in shares of Advantage Solutions Inc. (NASDAQ:ADVGet Rating) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,539,065 shares of the company’s stock after purchasing an additional 251,742 shares during the quarter. Clearbridge Investments LLC owned approximately 0.80% of Advantage Solutions worth $9,648,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ADV. Amalgamated Bank bought a new position in shares of Advantage Solutions during the 1st quarter valued at about $59,000. Delphia USA Inc. bought a new position in shares of Advantage Solutions during the 1st quarter valued at about $64,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Advantage Solutions during the 2nd quarter valued at about $82,000. Arizona State Retirement System increased its position in shares of Advantage Solutions by 25.3% during the 2nd quarter. Arizona State Retirement System now owns 21,583 shares of the company’s stock valued at $82,000 after purchasing an additional 4,360 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Advantage Solutions during the 2nd quarter valued at about $116,000. 26.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADV. Morgan Stanley reduced their price objective on Advantage Solutions from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Advantage Solutions from $7.00 to $6.00 in a research report on Thursday, November 10th.

Insider Buying and Selling

In other Advantage Solutions news, Director Brian K. Ratzan acquired 100,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of $2.47 per share, for a total transaction of $247,000.00. Following the transaction, the director now owns 152,269 shares in the company, valued at $376,104.43. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

Advantage Solutions Price Performance

ADV opened at $2.47 on Friday. The stock’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $3.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.84 and a quick ratio of 1.84. Advantage Solutions Inc. has a 1 year low of $1.95 and a 1 year high of $8.28. The firm has a market cap of $789.61 million, a price-to-earnings ratio of 11.23 and a beta of 1.53.

Advantage Solutions Company Profile

(Get Rating)

Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.

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Institutional Ownership by Quarter for Advantage Solutions (NASDAQ:ADV)

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