Advantage Solutions Inc. (NASDAQ:ADV) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Advantage Solutions Inc. (NASDAQ:ADV) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,405 shares of the company’s stock after selling 4,135 shares during the period. Federated Hermes Inc.’s holdings in Advantage Solutions were worth $85,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in shares of Advantage Solutions in the 3rd quarter valued at $35,000. BancFirst Trust & Investment Management lifted its stake in shares of Advantage Solutions by 50.0% in the 4th quarter. BancFirst Trust & Investment Management now owns 15,000 shares of the company’s stock worth $58,000 after acquiring an additional 5,000 shares during the period. Caprock Group LLC raised its stake in shares of Advantage Solutions by 49.8% during the 4th quarter. Caprock Group LLC now owns 18,702 shares of the company’s stock worth $68,000 after buying an additional 6,220 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Advantage Solutions in the third quarter worth $76,000. Finally, Arizona State Retirement System acquired a new stake in shares of Advantage Solutions in the third quarter valued at about $79,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TheStreet raised Advantage Solutions from a “d” rating to a “c-” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.43.

Advantage Solutions Stock Performance

Shares of ADV opened at $4.52 on Tuesday. The company has a 50-day moving average of $4.19 and a two-hundred day moving average of $3.61. The stock has a market cap of $1.45 billion, a P/E ratio of -22.60 and a beta of 1.57. Advantage Solutions Inc. has a 12-month low of $1.19 and a 12-month high of $4.95. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.68.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.14 billion. Advantage Solutions had a negative return on equity of 4.51% and a negative net margin of 1.35%. As a group, research analysts predict that Advantage Solutions Inc. will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advantage Solutions news, COO Jack Anthony Pestello bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $3.87 per share, for a total transaction of $38,700.00. Following the completion of the purchase, the chief operating officer now owns 146,279 shares of the company’s stock, valued at approximately $566,099.73. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is owned by corporate insiders.

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.