Blair William & Co. IL cut its stake in National Beverage Corp. (NASDAQ:FIZZ) by 55.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,910 shares of the company’s stock after selling 26,507 shares during the period. Blair William & Co. IL’s holdings in National Beverage Corp. were worth $1,956,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIZZ. Ballentine Partners LLC purchased a new position in shares of National Beverage Corp. during the second quarter valued at approximately $227,000. BNP Paribas Arbitrage SA increased its position in shares of National Beverage Corp. by 724.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock valued at $184,000 after buying an additional 1,725 shares during the period. Legal & General Group Plc increased its position in shares of National Beverage Corp. by 22.0% in the second 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 during the period. Alps Advisors Inc. increased its position in shares of National Beverage Corp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,489 shares of the company’s stock valued at $607,000 after buying an additional 17 shares during the period. Finally, First Trust Advisors LP increased its position in shares of National Beverage Corp. by 0.8% in the second quarter. First Trust Advisors LP now owns 28,177 shares of the company’s stock valued at $2,636,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 20.85% of the company’s stock.
National Beverage Corp. (NASDAQ:FIZZ) opened at 113.68 on Friday. The company has a market cap of $5.30 billion, a P/E ratio of 49.64 and a beta of 0.59. The company has a 50-day moving average of $106.67 and a 200 day moving average of $87.74. National Beverage Corp. has a one year low of $39.14 and a one year high of $115.74.
National Beverage Corp. (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, July 13th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $212.10 million for the quarter, compared to the consensus estimate of $213.50 million. National Beverage Corp. had a net margin of 12.95% and a return on equity of 44.68%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities research analysts predict that National Beverage Corp. will post $2.71 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/27/national-beverage-corp-fizz-stake-cut-by-blair-william-co-il.html.
Several research analysts recently commented on the stock. Credit Suisse Group downgraded shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price on the stock. in a report on Friday, July 21st. Maxim Group reiterated a “sell” rating and issued a $33.00 target price on shares of National Beverage Corp. in a report on Thursday, July 13th.
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.
Receive News & Ratings for National Beverage Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
