Advantage Solutions Inc. (NASDAQ:ADV) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its position in Advantage Solutions Inc. (NASDAQ:ADV – Get Rating) by 324.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,625 shares of the company’s stock after purchasing an additional 73,883 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Advantage Solutions were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of Advantage Solutions by 13.5% in the second quarter. Legal & General Group Plc now owns 25,547 shares of the company’s stock valued at $97,000 after acquiring an additional 3,040 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Advantage Solutions by 6.4% during the third quarter. Hsbc Holdings PLC now owns 101,901 shares of the company’s stock worth $219,000 after buying an additional 6,150 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Advantage Solutions by 17.1% during the third quarter. MetLife Investment Management LLC now owns 47,508 shares of the company’s stock worth $101,000 after buying an additional 6,951 shares in the last quarter. LPL Financial LLC boosted its holdings in Advantage Solutions by 17.1% during the second quarter. LPL Financial LLC now owns 55,008 shares of the company’s stock worth $209,000 after buying an additional 8,031 shares in the last quarter. Finally, Delphia USA Inc. bought a new stake in Advantage Solutions during the first quarter worth approximately $64,000. Institutional investors and hedge funds own 26.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their target price on shares of Advantage Solutions from $2.60 to $2.90 and gave the stock a “neutral” rating in a report on Friday, March 3rd.

Advantage Solutions Trading Up 4.4 %

Shares of NASDAQ:ADV opened at $1.90 on Tuesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $615.90 million, a price-to-earnings ratio of -0.42 and a beta of 1.43. Advantage Solutions Inc. has a 1-year low of $1.13 and a 1-year high of $4.64. The company has a 50 day moving average price of $1.51 and a 200 day moving average price of $2.07.

Advantage Solutions (NASDAQ:ADV – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.15 by $0.34. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Advantage Solutions had a negative net margin of 34.90% and a positive return on equity of 10.02%. On average, research analysts anticipate that Advantage Solutions Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity at Advantage Solutions

In other news, CFO Christopher Growe purchased 50,000 shares of Advantage Solutions stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $1.43 per share, for a total transaction of $71,500.00. Following the transaction, the chief financial officer now owns 50,000 shares in the company, valued at $71,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Christopher Growe bought 50,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was bought at an average price of $1.43 per share, for a total transaction of $71,500.00. Following the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at $71,500. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David A. Peacock bought 80,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was bought at an average price of $1.58 per share, with a total value of $126,400.00. Following the transaction, the chief executive officer now owns 1,778,112 shares in the company, valued at $2,809,416.96. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 186,089 shares of company stock worth $302,786. 4.90% of the stock is owned by corporate insiders.

Advantage Solutions Company Profile

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Advantage Solutions Inc provides outsourced solutions to consumer goods companies 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; administration; and brand-centric merchandising services.