Advantage Solutions (NASDAQ:ADV) Shares Up 5.8% – Here’s Why

Advantage Solutions Inc. (NASDAQ:ADV)’s share price shot up 5.8% during trading on Monday . The stock traded as high as $2.79 and last traded at $2.81. 112,245 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 440,184 shares. The stock had previously closed at $2.65.

Advantage Solutions Stock Down 2.5 %

The company has a market capitalization of $878.86 million, a price-to-earnings ratio of -6.68 and a beta of 1.55. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The business’s 50 day moving average is $3.05 and its 200 day moving average is $3.36.

Advantage Solutions (NASDAQ:ADV) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.23). The company had revenue of $939.27 million for the quarter, compared to analyst estimates of $935.21 million. Advantage Solutions had a negative return on equity of 7.58% and a negative net margin of 3.32%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Sell-side analysts anticipate that Advantage Solutions Inc. will post -0.51 earnings per share for the current year.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost 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 in the company, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADV. Dimensional Fund Advisors LP grew its position in Advantage Solutions by 68.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,407,224 shares of the company’s stock worth $10,971,000 after purchasing an additional 1,388,198 shares during the period. Empowered Funds LLC boosted its stake in shares of Advantage Solutions by 5.1% in the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company’s stock worth $4,967,000 after buying an additional 83,105 shares during the last quarter. Jane Street Group LLC grew its holdings in Advantage Solutions by 29.1% during the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock worth $2,074,000 after acquiring an additional 136,276 shares during the period. AQR Capital Management LLC raised its position in Advantage Solutions by 88.1% during the second quarter. AQR Capital Management LLC now owns 333,534 shares of the company’s stock valued at $1,074,000 after acquiring an additional 156,248 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Advantage Solutions by 116.8% in the third quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after acquiring an additional 174,220 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.