Centiva Capital LP Invests $523,000 in National Beverage Corp. (NASDAQ:FIZZ)

Centiva Capital LP acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,261 shares of the company's stock, valued at approximately $523,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd increased its stake in National Beverage by 14.3% during the 4th quarter. Covestor Ltd now owns 2,994 shares of the company's stock worth $128,000 after purchasing an additional 375 shares in the last quarter. Franklin Resources Inc. lifted its stake in 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 during the last quarter. Tower Research Capital LLC TRC grew its holdings in National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after purchasing an additional 415 shares during the period. GAMMA Investing LLC increased its holdings in shares of National Beverage by 43.6% during the 4th 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. Finally, Linden Thomas Advisory Services LLC raised its position in shares of National Beverage by 1.5% in the fourth 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 period. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Stock Up 1.8%

Shares of NASDAQ:FIZZ traded up $0.80 during trading on Thursday, reaching $43.94. 36,837 shares of the company traded hands, compared to its average volume of 184,421. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48. The firm has a market capitalization of $4.11 billion, a PE ratio of 22.16 and a beta of 0.88. The company's 50 day moving average is $42.44 and its two-hundred day moving average is $43.64.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). The company had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insider Buying and Selling

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 62,408 shares of the company's stock, valued at $2,708,507.20. This trade represents a 11.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 74.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

National Beverage 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.