Goldman Sachs Group Inc. Sells 285,448 Shares of Advantage Solutions Inc. $ADV

Key Points

• Goldman Sachs Group Inc. reduced its stake in Advantage Solutions by 44.5%, selling 285,448 shares and now holds approximately 0.11% of the company, valued at $538,000.
• Institutional investors collectively own 49.82% of Advantage Solutions, with other firms like Charles Schwab and Millennium Management increasing their positions significantly during the same period.
• Advantage Solutions saw its stock open at $1.61, with a market cap of $524.78 million and a 52-week range of $1.04 to $4.04.

Goldman Sachs Group Inc. lessened its holdings in Advantage Solutions Inc. (NASDAQ:ADV - Free Report) by 44.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 356,382 shares of the company's stock after selling 285,448 shares during the period. Goldman Sachs Group Inc. owned 0.11% of Advantage Solutions worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Advantage Solutions by 63.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,048,305 shares of the company's stock worth $1,583,000 after purchasing an additional 408,802 shares during the last quarter. Millennium Management LLC grew its stake in shares of Advantage Solutions by 193.5% in the fourth quarter. Millennium Management LLC now owns 600,149 shares of the company's stock valued at $1,752,000 after acquiring an additional 395,651 shares in the last quarter. Nuveen LLC bought a new position in Advantage Solutions during the first quarter worth about $594,000. Contrarian Capital Management L.L.C. boosted its holdings in Advantage Solutions by 13.5% in the 1st quarter. Contrarian Capital Management L.L.C. now owns 1,451,140 shares of the company's stock valued at $2,191,000 after purchasing an additional 173,000 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Advantage Solutions by 68.0% in the first quarter. Inspire Investing LLC now owns 231,825 shares of the company's stock valued at $350,000 after buying an additional 93,794 shares in the last quarter. 49.82% of the stock is owned by institutional investors.

Advantage Solutions Stock Performance

ADV opened at $1.61 on Friday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.96 and a current ratio of 1.96. Advantage Solutions Inc. has a 52-week low of $1.04 and a 52-week high of $4.04. The firm has a market cap of $524.78 million, a P/E ratio of -1.71 and a beta of 2.19. The business's fifty day moving average is $1.71 and its 200-day moving average is $1.50.

Advantage Solutions 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.

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