Prentice Capital Management LP Cuts Stake in Advantage Solutions Inc. (NASDAQ:ADV)

Prentice Capital Management LP cut its stake in Advantage Solutions Inc. (NASDAQ:ADV) by 49.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 86,305 shares of the company’s stock after selling 82,994 shares during the period. Advantage Solutions accounts for approximately 0.7% of Prentice Capital Management LP’s portfolio, making the stock its 23rd largest position. Prentice Capital Management LP’s holdings in Advantage Solutions were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ADV. Price T Rowe Associates Inc. MD lifted its position in Advantage Solutions by 22.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,007 shares of the company’s stock worth $109,000 after acquiring an additional 4,584 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Advantage Solutions by 11.9% during the second quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock worth $155,000 after purchasing an additional 5,107 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Advantage Solutions by 22.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock valued at $112,000 after purchasing an additional 6,449 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Advantage Solutions by 46.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after purchasing an additional 8,256 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Advantage Solutions in the 2nd quarter valued at about $31,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Advantage Solutions Stock Down 1.9 %

Shares of NASDAQ ADV opened at $3.64 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. Advantage Solutions Inc. has a 1 year low of $2.68 and a 1 year high of $4.95. The stock’s 50-day simple moving average is $3.30 and its 200-day simple moving average is $3.44.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock bought 16,633 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $3.30 per share, with a total value of $54,888.90. Following the completion of the acquisition, the chief executive officer now owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

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.