National Beverage Corp. (FIZZ) Stake Lowered by GSA Capital Partners LLP
GSA Capital Partners LLP lessened its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 74.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,900 shares of the company’s stock after selling 29,196 shares during the period. GSA Capital Partners LLP’s holdings in National Beverage Corp. were worth $926,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of FIZZ. BNP Paribas Arbitrage SA lifted its stake in National Beverage Corp. by 724.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,725 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of National Beverage Corp. in the 2nd quarter valued at $227,000. Legal & General Group Plc boosted its holdings in shares of National Beverage Corp. by 22.0% in the 2nd quarter. Legal & General Group Plc now owns 4,170 shares of the company’s stock valued at $390,000 after buying an additional 751 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of National Beverage Corp. in the 2nd quarter valued at $436,000. Finally, Alps Advisors Inc. boosted its holdings in shares of National Beverage Corp. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,489 shares of the company’s stock valued at $607,000 after buying an additional 17 shares in the last quarter. 21.81% of the stock is currently owned by institutional investors and hedge funds.
National Beverage Corp. (NASDAQ FIZZ) opened at 124.05 on Monday. National Beverage Corp. has a 12 month low of $42.07 and a 12 month high of $129.82. The stock’s 50 day moving average is $114.76 and its 200-day moving average is $95.30. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 49.80 and a beta of 0.59.
National Beverage Corp. (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $259.83 million during the quarter. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. On average, equities research analysts expect that National Beverage Corp. will post $2.91 earnings per share for the current year.
A number of research analysts recently commented on FIZZ shares. Maxim Group reaffirmed a “sell” rating and issued a $40.00 target price (up from $33.00) on shares of National Beverage Corp. in a research report on Friday, September 8th. Credit Suisse Group cut National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price for the company. in a research report on Friday, July 21st.
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National Beverage Corp. Company Profile
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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