Geode Capital Management LLC cut its stake in shares of Advantage Solutions Inc. (NASDAQ:ADV – Free Report) by 18.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,148,036 shares of the company’s stock after selling 501,475 shares during the period. Geode Capital Management LLC’s holdings in Advantage Solutions were worth $7,369,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Advantage Solutions during the second quarter valued at approximately $31,000. Algert Global LLC purchased a new position in shares of Advantage Solutions during the 2nd quarter valued at $36,000. Y Intercept Hong Kong Ltd bought a new position in shares of Advantage Solutions in the third quarter worth $54,000. Paloma Partners Management Co bought a new position in shares of Advantage Solutions in the third quarter worth $77,000. Finally, Creative Planning purchased a new stake in shares of Advantage Solutions in the third quarter worth $82,000. 49.82% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Advantage Solutions
In related news, CEO David A. Peacock bought 16,633 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the completion of the transaction, the chief executive officer now owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is currently owned by insiders.
Advantage Solutions Price Performance
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.
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