UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Advantage Solutions Inc. (NASDAQ:ADV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 23.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 194,941 shares of the company’s stock after purchasing an additional 36,547 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Advantage Solutions were worth $669,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ADV. Allspring Global Investments Holdings LLC purchased a new stake in shares of Advantage Solutions during the second quarter valued at approximately $31,000. Algert Global LLC purchased a new stake in shares of Advantage Solutions during the second quarter worth about $36,000. Creative Planning bought a new stake in shares of Advantage Solutions in the third quarter worth about $82,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Advantage Solutions by 46.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock worth $84,000 after purchasing an additional 8,256 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Advantage Solutions during the 3rd quarter valued at about $99,000. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Trading Down 0.6 %

ADV opened at $3.11 on Friday. The firm has a market capitalization of $997.54 million, a price-to-earnings ratio of -7.59 and a beta of 1.51. Advantage Solutions Inc. has a one year low of $2.70 and a one year high of $4.95. The business has a 50 day simple moving average of $3.33 and a two-hundred day simple moving average of $3.43. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90.

Insider Activity

In other news, CEO David A. Peacock acquired 16,633 shares of the business’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $3.30 per share, with a total value of $54,888.90. Following the transaction, the chief executive officer now owns 2,352,029 shares in the company, valued at $7,761,695.70. The trade was a 0.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.20% of the company’s stock.

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.