Aquatic Capital Management LLC cut its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 80.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,887 shares of the company's stock after selling 19,513 shares during the period. Aquatic Capital Management LLC's holdings in National Beverage were worth $209,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company's stock valued at $1,962,000 after buying an additional 33,275 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of National Beverage by 3.4% in the third quarter. Franklin Resources Inc. now owns 11,547 shares of the company's stock valued at $528,000 after acquiring an additional 383 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock worth $68,000 after acquiring an additional 484 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of National Beverage by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 39,559 shares of the company's stock worth $1,688,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in National Beverage by 1.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock valued at $1,590,000 after purchasing an additional 564 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.
National Beverage Price Performance
National Beverage stock traded down $0.04 during trading on Friday, reaching $43.76. 38,390 shares of the company were exchanged, compared to its average volume of 183,490. The stock's 50 day simple moving average is $42.26 and its two-hundred day simple moving average is $43.69. The company has a market capitalization of $4.10 billion, a P/E ratio of 21.99 and a beta of 0.88. National Beverage Corp. has a 52-week low of $38.25 and a 52-week high of $53.48.
National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The firm had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million.
Insider Transactions at National Beverage
In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total transaction of $347,200.00. Following the completion of the sale, the director now directly owns 62,408 shares in the company, valued at $2,708,507.20. This trade represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 74.80% of the company's stock.
Analyst Upgrades and Downgrades
Separately, UBS Group dropped their target price on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a report on Thursday, February 27th.
Check Out Our Latest Stock Report on National Beverage
About National Beverage
(
Free Report)
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.
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