Atria Investments Inc Reduces Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Atria Investments Inc lowered its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,526 shares of the company’s stock after selling 296 shares during the period. Atria Investments Inc’s holdings in National Beverage were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its position in shares of National Beverage by 8.3% during the third quarter. New York State Teachers Retirement System now owns 25,713 shares of the company’s stock worth $1,207,000 after acquiring an additional 1,967 shares in the last quarter. Semanteon Capital Management LP lifted its position in shares of National Beverage by 41.8% during the third quarter. Semanteon Capital Management LP now owns 21,741 shares of the company’s stock worth $1,021,000 after acquiring an additional 6,406 shares in the last quarter. Values First Advisors Inc. lifted its position in shares of National Beverage by 5.0% during the third quarter. Values First Advisors Inc. now owns 44,350 shares of the company’s stock worth $2,082,000 after acquiring an additional 2,112 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of National Beverage by 84.9% during the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock worth $6,814,000 after acquiring an additional 66,661 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of National Beverage during the third quarter worth $208,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Stock Performance

Shares of FIZZ stock opened at $47.39 on Thursday. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The company has a market capitalization of $4.44 billion, a PE ratio of 24.06 and a beta of 0.83. The business’s fifty day moving average is $46.34 and its 200 day moving average is $47.16.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The company had revenue of $329.47 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their target price on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday, September 10th.

National Beverage Company Profile

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.