HighTower Advisors LLC Has $1.33 Million Holdings in National Beverage Corp. $FIZZ

HighTower Advisors LLC cut its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,042 shares of the company’s stock after selling 757 shares during the period. HighTower Advisors LLC’s holdings in National Beverage were worth $1,331,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FIZZ. Edgestream Partners L.P. acquired a new stake in National Beverage during the first quarter worth approximately $7,302,000. GAMMA Investing LLC lifted its position in National Beverage by 5,268.4% during the first quarter. GAMMA Investing LLC now owns 85,572 shares of the company’s stock worth $3,555,000 after acquiring an additional 83,978 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in National Beverage by 47.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 216,763 shares of the company’s stock worth $9,249,000 after acquiring an additional 69,400 shares during the last quarter. Nuveen LLC acquired a new stake in National Beverage during the first quarter worth approximately $2,773,000. Finally, Invesco Ltd. lifted its position in National Beverage by 36.8% during the first quarter. Invesco Ltd. now owns 218,300 shares of the company’s stock worth $9,068,000 after acquiring an additional 58,670 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, UBS Group raised their target price on shares of National Beverage from $42.00 to $45.00 and gave the stock a “sell” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell” and an average target price of $45.00.

National Beverage Trading Down 7.2%

Shares of FIZZ opened at $43.37 on Tuesday. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $50.51. The firm’s 50 day moving average is $45.37 and its 200-day moving average is $43.60. The stock has a market capitalization of $4.06 billion, a PE ratio of 21.69 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $313.63 million for the quarter, compared to analysts’ expectations of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same period last year, the firm earned $0.47 earnings per share.

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.