Aquatic Capital Management LLC Decreases Stake in National Beverage Corp. (NASDAQ:FIZZ)

Aquatic Capital Management LLC reduced its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 80.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds and other institutional investors have also modified their holdings of FIZZ. Barclays PLC boosted its stake in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company's stock worth $1,962,000 after buying an additional 33,275 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of National Beverage by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,547 shares of the company's stock worth $528,000 after acquiring an additional 383 shares during the period. GAMMA Investing LLC boosted its position 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 grew its holdings in National Beverage by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 39,559 shares of the company's stock valued at $1,688,000 after purchasing an additional 1,624 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its position in National Beverage by 1.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock worth $1,590,000 after purchasing an additional 564 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their price objective on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, February 27th.

Insider Activity

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the transaction, the director now directly owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 74.80% of the company's stock.

National Beverage Price Performance

FIZZ stock traded down $0.18 during trading on Wednesday, reaching $43.63. 204,198 shares of the stock traded hands, compared to its average volume of 183,402. The business's 50 day moving average price is $42.12 and its 200-day moving average price is $43.71. The firm has a market capitalization of $4.08 billion, a PE ratio of 21.92 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 posted its earnings results on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The business had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million.

National Beverage Company Profile

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.