The Manufacturers Life Insurance Company Trims Stock Position in Advantage Solutions Inc. (NASDAQ:ADV)

The Manufacturers Life Insurance Company lessened its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,846 shares of the company’s stock after selling 10,746 shares during the period. The Manufacturers Life Insurance Company’s holdings in Advantage Solutions were worth $154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ADV. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 acquiring an additional 4,584 shares during the period. Bank of New York Mellon Corp boosted its stake in Advantage Solutions by 24.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 579,116 shares of the company’s stock worth $1,865,000 after purchasing an additional 114,770 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Advantage Solutions during the 2nd quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after purchasing an additional 8,256 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Advantage Solutions by 11.9% in the second 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 last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David A. Peacock bought 16,633 shares of Advantage Solutions stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $3.30 per share, for a total transaction of $54,888.90. Following the purchase, the chief executive officer now owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.20% of the stock is owned by insiders.

Advantage Solutions Stock Performance

NASDAQ ADV opened at $3.31 on Tuesday. The firm has a market cap of $1.06 billion, a P/E ratio of -8.07 and a beta of 1.51. Advantage Solutions Inc. has a 52-week low of $2.70 and a 52-week high of $4.95. The business’s 50-day moving average price is $3.32 and its 200 day moving average price is $3.44. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81.

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.