New Age Beverage Corporation (NASDAQ:NBEV) Director Neil Fallon sold 38,881 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $4.53, for a total transaction of $176,130.93. Following the transaction, the director now directly owns 5,354,858 shares in the company, valued at $24,257,506.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Neil Fallon also recently made the following trade(s):
- On Tuesday, May 23rd, Neil Fallon sold 300,000 shares of New Age Beverage Corporation stock. The shares were sold at an average price of $5.59, for a total transaction of $1,677,000.00.
New Age Beverage Corporation (NBEV) opened at 3.51 on Monday. New Age Beverage Corporation has a 52 week low of $1.28 and a 52 week high of $7.20. The company has a market capitalization of $120.50 million, a PE ratio of 206.47 and a beta of 4.68. The company has a 50-day moving average of $4.70 and a 200-day moving average of $4.68.
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A number of hedge funds have recently bought and sold shares of NBEV. HighTower Advisors LLC boosted its stake in New Age Beverage Corporation by 18.1% in the second quarter. HighTower Advisors LLC now owns 22,346 shares of the company’s stock valued at $114,000 after buying an additional 3,428 shares in the last quarter. Northern Trust Corp purchased a new stake in New Age Beverage Corporation during the second quarter valued at about $151,000. Virtu KCG Holdings LLC boosted its stake in New Age Beverage Corporation by 119.9% in the second quarter. Virtu KCG Holdings LLC now owns 33,353 shares of the company’s stock valued at $170,000 after buying an additional 18,189 shares in the last quarter. Blair William & Co. IL purchased a new stake in New Age Beverage Corporation during the second quarter valued at about $577,000. Finally, EAM Investors LLC purchased a new stake in New Age Beverage Corporation during the second quarter valued at about $1,104,000. Institutional investors and hedge funds own 12.41% of the company’s stock.
A number of brokerages recently issued reports on NBEV. Maxim Group lifted their price objective on shares of New Age Beverage Corporation from $6.00 to $7.50 and gave the company a “buy” rating in a research note on Monday, May 22nd. TheStreet cut shares of New Age Beverage Corporation from a “c” rating to a “d+” rating in a research note on Monday, August 7th. Roth Capital began coverage on shares of New Age Beverage Corporation in a research note on Thursday, July 27th. They issued a “buy” rating and a $7.50 price objective on the stock. Aegis began coverage on shares of New Age Beverage Corporation in a research note on Monday, May 1st. They issued a “buy” rating and a $6.25 price objective on the stock. Finally, Zacks Investment Research raised shares of New Age Beverage Corporation from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a buy rating, New Age Beverage Corporation presently has a consensus rating of “Buy” and an average price target of $6.69.
New Age Beverage Corporation Company Profile
The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.
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