Assenagon Asset Management S.A. trimmed its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 90.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 (SEC).
Several other hedge funds have also modified their holdings of FIZZ. Lazard Asset Management LLC bought a new position in shares of National Beverage during the 4th quarter valued at approximately $52,000. Parallel Advisors LLC increased its position in shares of National Beverage by 307.6% during the 1st quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after purchasing an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of National Beverage by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. Quarry LP increased its position in shares of National Beverage by 6,875.0% during the 4th quarter. Quarry LP now owns 1,674 shares of the company's stock valued at $71,000 after purchasing an additional 1,650 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of National Beverage by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock valued at $86,000 after purchasing an additional 466 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, UBS Group cut their target price on National Beverage from $46.00 to $41.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th.
Check Out Our Latest Analysis on FIZZ
National Beverage Stock Performance
NASDAQ FIZZ opened at $44.01 on Friday. The company has a market cap of $4.12 billion, a P/E ratio of 22.12 and a beta of 0.84. The business's 50 day moving average price is $44.38 and its 200-day moving average price is $43.13. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $53.48.
Insider Buying and Selling at National Beverage
In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the transaction, the director now owns 62,408 shares of the company's stock, valued at $2,708,507.20. This represents a 11.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 74.80% of the stock is currently owned by corporate insiders.
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.
See Also
Want to see what other hedge funds are holding FIZZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Beverage Corp. (NASDAQ:FIZZ - Free Report).
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