a16z Perennial Management L.P. Purchases Shares of 18,867 Advantage Solutions Inc. (NASDAQ:ADV)

a16z Perennial Management L.P. bought a new stake in Advantage Solutions Inc. (NASDAQ:ADV) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,867 shares of the company’s stock, valued at approximately $55,000. Advantage Solutions makes up 0.0% of a16z Perennial Management L.P.’s holdings, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Advantage Solutions by 318.7% during the third quarter. Barclays PLC now owns 166,024 shares of the company’s stock worth $570,000 after purchasing an additional 126,375 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Advantage Solutions by 116.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock worth $1,109,000 after buying an additional 174,220 shares during the period. Empowered Funds LLC boosted its holdings in shares of Advantage Solutions by 13.9% during the 3rd quarter. Empowered Funds LLC now owns 1,617,758 shares of the company’s stock worth $5,549,000 after buying an additional 197,534 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advantage Solutions by 23.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,941 shares of the company’s stock valued at $669,000 after buying an additional 36,547 shares during the last quarter. Finally, Creative Planning bought a new position in Advantage Solutions in the 3rd quarter valued at about $82,000. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Trading Down 0.4 %

Shares of NASDAQ:ADV opened at $2.73 on Monday. Advantage Solutions Inc. has a 12-month low of $2.22 and a 12-month high of $4.95. The business has a 50 day moving average of $2.92 and a 200-day moving average of $3.30. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a market cap of $875.65 million, a PE ratio of -6.66 and a beta of 1.54.

Advantage Solutions (NASDAQ:ADV) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.23). The firm had revenue of $939.27 million during the quarter, compared to the consensus estimate of $935.21 million. Advantage Solutions had a negative net margin of 3.32% and a negative return on equity of 7.58%. During the same quarter last year, the firm earned ($0.07) earnings per share. As a group, equities research analysts forecast that Advantage Solutions Inc. will post -0.51 earnings per share for the current year.

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.