Inspire Investing LLC Grows Stock Holdings in Advantage Solutions Inc. $ADV

Inspire Investing LLC boosted its position in Advantage Solutions Inc. (NASDAQ:ADV) by 28.5% in the 2nd quarter, Holdings Channel reports. The fund owned 297,843 shares of the company’s stock after purchasing an additional 66,018 shares during the period. Inspire Investing LLC’s holdings in Advantage Solutions were worth $393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in Advantage Solutions in the 1st quarter worth approximately $25,000. Strs Ohio purchased a new stake in shares of Advantage Solutions during the 1st quarter valued at $117,000. XTX Topco Ltd grew its stake in shares of Advantage Solutions by 40.1% during the 1st quarter. XTX Topco Ltd now owns 84,920 shares of the company’s stock valued at $128,000 after buying an additional 24,313 shares during the period. Hsbc Holdings PLC grew its stake in shares of Advantage Solutions by 15.3% during the 1st quarter. Hsbc Holdings PLC now owns 110,132 shares of the company’s stock valued at $166,000 after buying an additional 14,606 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Advantage Solutions by 8.5% during the 1st quarter. Deutsche Bank AG now owns 120,461 shares of the company’s stock valued at $182,000 after buying an additional 9,477 shares during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Stock Down 2.7%

Shares of NASDAQ ADV opened at $1.44 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $469.37 million, a PE ratio of -1.53 and a beta of 2.17. The firm has a fifty day moving average of $1.72 and a 200-day moving average of $1.49. Advantage Solutions Inc. has a 52-week low of $1.04 and a 52-week high of $4.04.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Advantage Solutions in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Advantage Solutions presently has a consensus rating of “Hold” and an average price target of $2.25.

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.