Geode Capital Management LLC Sells 501,475 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Geode Capital Management LLC trimmed its holdings in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 18.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,148,036 shares of the company's stock after selling 501,475 shares during the quarter. Geode Capital Management LLC owned about 0.67% of Advantage Solutions worth $7,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADV. Bank of New York Mellon Corp increased its position in shares of 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 valued at $1,865,000 after purchasing an additional 114,770 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Advantage Solutions in the second quarter worth approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Advantage Solutions by 46.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company's stock worth $84,000 after acquiring an additional 8,256 shares during the last quarter. Principal Financial Group Inc. increased its position in Advantage Solutions by 11.9% in the second quarter. Principal Financial Group Inc. now owns 48,093 shares of the company's stock worth $155,000 after buying an additional 5,107 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Advantage Solutions by 11.3% in the second quarter. Rhumbline Advisers now owns 149,818 shares of the company's stock worth $482,000 after buying an additional 15,158 shares during the period. Institutional investors own 49.82% of the company's stock.

Insider Buying and Selling at Advantage Solutions

In related news, CEO David A. Peacock purchased 16,633 shares of Advantage Solutions stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.20% of the company's stock.

Advantage Solutions Stock Performance

Shares of NASDAQ:ADV traded up $0.03 during mid-day trading on Friday, reaching $2.84. 263,888 shares of the company traded hands, compared to its average volume of 371,594. The company's 50 day moving average price is $3.30 and its 200-day moving average price is $3.43. The firm has a market cap of $910.94 million, a PE ratio of -6.93 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 company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90.

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.