Advantage Solutions Inc. (NASDAQ:ADV) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 42.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,924 shares of the company’s stock after purchasing an additional 11,209 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Advantage Solutions were worth $137,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Advantage Solutions in the 3rd quarter valued at approximately $35,000. BancFirst Trust & Investment Management boosted its holdings in Advantage Solutions by 50.0% in the fourth quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock valued at $58,000 after purchasing an additional 5,000 shares during the period. Caprock Group LLC grew its stake in Advantage Solutions by 49.8% during the 4th quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock worth $68,000 after purchasing an additional 6,220 shares in the last quarter. Arizona State Retirement System purchased a new stake in Advantage Solutions during the 3rd quarter worth about $79,000. Finally, SG Americas Securities LLC purchased a new position in shares of Advantage Solutions in the 3rd quarter valued at about $111,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

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

Advantage Solutions Stock Performance

NASDAQ:ADV opened at $4.26 on Thursday. Advantage Solutions Inc. has a 12 month low of $1.19 and a 12 month high of $4.95. 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 capitalization of $1.37 billion, a PE ratio of -21.30 and a beta of 1.57. The business’s fifty day moving average price is $4.21 and its 200 day moving average price is $3.64.

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

Insider Buying and Selling at Advantage Solutions

In related news, COO Jack Anthony Pestello bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $3.87 per share, with a total value of $38,700.00. Following the transaction, the chief operating officer now directly owns 146,279 shares of the company’s stock, valued at approximately $566,099.73. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.20% of the stock is currently owned by insiders.

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.