Alps Advisors Inc. Decreases Stake in National Beverage Corp. (FIZZ)
Alps Advisors Inc. decreased its position in National Beverage Corp. (NASDAQ:FIZZ) by 40.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,856 shares of the company’s stock after selling 2,633 shares during the quarter. Alps Advisors Inc.’s holdings in National Beverage Corp. were worth $478,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Essex Financial Services Inc. acquired a new position in shares of National Beverage Corp. in the 3rd quarter worth approximately $214,000. Quantbot Technologies LP acquired a new position in National Beverage Corp. during the 2nd quarter valued at approximately $173,000. Parametrica Management Ltd acquired a new position in National Beverage Corp. during the 3rd quarter valued at approximately $243,000. BNP Paribas Arbitrage SA boosted its position in National Beverage Corp. by 724.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock valued at $184,000 after purchasing an additional 1,725 shares during the period. Finally, Smith Moore & CO. acquired a new position in National Beverage Corp. during the 3rd quarter valued at approximately $248,000. Institutional investors own 21.28% of the company’s stock.
A number of research firms recently issued reports on FIZZ. UBS AG upgraded National Beverage Corp. from a “neutral” rating to a “positive” rating in a research report on Monday. Susquehanna Bancshares Inc began coverage on National Beverage Corp. in a research report on Tuesday, October 3rd. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Maxim Group restated a “sell” rating and set a $40.00 price objective (up previously from $33.00) on shares of National Beverage Corp. in a research report on Friday, September 8th.
National Beverage Corp. (FIZZ) opened at $102.23 on Monday. National Beverage Corp. has a 12-month low of $45.40 and a 12-month high of $129.82. The stock has a market capitalization of $4,762.40, a P/E ratio of 40.89 and a beta of 0.49.
National Beverage Corp. (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. The company had revenue of $259.83 million during the quarter.
About National Beverage Corp.
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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