Quantbot Technologies LP Takes $556,000 Position in National Beverage Corp. (NASDAQ:FIZZ)

Quantbot Technologies LP bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,839 shares of the company's stock, valued at approximately $556,000.

Several other hedge funds have also recently modified their holdings of FIZZ. Canada Pension Plan Investment Board purchased a new position in shares of National Beverage in the second quarter worth about $31,000. Quarry LP increased its holdings in shares of National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company's stock valued at $33,000 after purchasing an additional 544 shares during the last quarter. Blue Trust Inc. lifted its position in National Beverage by 323.0% during the third quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $33,000 after buying an additional 491 shares in the last quarter. Quest Partners LLC acquired a new position in National Beverage during the second quarter worth $34,000. Finally, Headlands Technologies LLC grew its holdings in National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company's stock valued at $43,000 after buying an additional 745 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Trading Down 0.8 %

FIZZ traded down $0.41 on Tuesday, hitting $49.50. The company had a trading volume of 58,068 shares, compared to its average volume of 168,318. The company's fifty day moving average price is $46.96 and its 200 day moving average price is $47.25. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The firm has a market cap of $4.63 billion, a P/E ratio of 25.34 and a beta of 0.83.

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

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on shares of National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a 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.