Empowered Funds LLC Buys 83,105 Shares of Advantage Solutions Inc. (NASDAQ:ADV)

Empowered Funds LLC raised its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,700,863 shares of the company’s stock after buying an additional 83,105 shares during the quarter. Empowered Funds LLC’s holdings in Advantage Solutions were worth $4,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new stake in Advantage Solutions during the third quarter valued at $54,000. Paloma Partners Management Co purchased a new stake in shares of Advantage Solutions in the 3rd quarter valued at about $77,000. Creative Planning bought a new stake in shares of Advantage Solutions during the 3rd quarter valued at about $82,000. Intech Investment Management LLC purchased a new position in shares of Advantage Solutions during the third quarter worth about $99,000. Finally, SG Americas Securities LLC increased its position in shares of Advantage Solutions by 103.6% in the third quarter. SG Americas Securities LLC now owns 39,329 shares of the company’s stock worth $135,000 after purchasing an additional 20,009 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Advantage Solutions Trading Up 3.8 %

Shares of ADV opened at $2.76 on Wednesday. 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 Inc. has a 1-year low of $2.22 and a 1-year high of $4.95. The company has a market capitalization of $885.27 million, a P/E ratio of -6.73 and a beta of 1.54. The firm’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $3.28.

Advantage Solutions Company 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.