Assenagon Asset Management S.A. Sells 57,026 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Assenagon Asset Management S.A. trimmed its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 90.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,699 shares of the company's stock after selling 57,026 shares during the period. Assenagon Asset Management S.A.'s holdings in National Beverage were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in National Beverage by 29.2% during the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after buying an additional 466 shares during the last quarter. Parallel Advisors LLC increased its holdings in National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock worth $55,000 after buying an additional 1,006 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in National Beverage during the fourth quarter worth $262,000. PharVision Advisers LLC acquired a new position in National Beverage during the fourth quarter worth $303,000. Finally, Squarepoint Ops LLC increased its holdings in National Beverage by 74.9% during the fourth quarter. Squarepoint Ops LLC now owns 67,973 shares of the company's stock worth $2,900,000 after buying an additional 29,104 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, UBS Group reduced 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 report on Thursday, February 27th.

Insiders Place Their Bets

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the sale, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 74.80% of the company's stock.

National Beverage Price Performance

FIZZ stock traded up $1.07 during midday trading on Monday, reaching $43.38. 212,205 shares of the company were exchanged, compared to its average volume of 185,073. The business has a 50-day moving average price of $44.34 and a two-hundred day moving average price of $42.93. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 21.80 and a beta of 0.84.

About National Beverage

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.