Quantbot Technologies LP Purchases Shares of 11,839 National Beverage Corp. (NASDAQ:FIZZ)

Quantbot Technologies LP acquired a new stake in National Beverage Corp. (NASDAQ:FIZZ) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,839 shares of the company’s stock, valued at approximately $556,000.

Several other large investors also recently modified their holdings of FIZZ. Assenagon Asset Management S.A. grew its stake in National Beverage by 84.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock valued at $6,814,000 after buying an additional 66,661 shares during the last quarter. Algert Global LLC boosted its stake in National Beverage by 69.3% in the 3rd quarter. Algert Global LLC now owns 102,098 shares of the company’s stock valued at $4,792,000 after purchasing an additional 41,777 shares during the period. Dimensional Fund Advisors LP grew its holdings in National Beverage by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock valued at $58,680,000 after buying an additional 40,488 shares in the last quarter. Denali Advisors LLC increased its position in National Beverage by 36.1% during the 2nd quarter. Denali Advisors LLC now owns 115,100 shares of the company’s stock worth $5,898,000 after buying an additional 30,500 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of National Beverage by 307.6% during the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock worth $1,828,000 after buying an additional 26,920 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

National Beverage Trading Up 1.1 %

Shares of FIZZ opened at $49.91 on Tuesday. National Beverage Corp. has a 12 month low of $42.85 and a 12 month high of $53.58. The firm’s 50 day moving average is $46.96 and its 200-day moving average is $47.25. The stock has a market capitalization of $4.67 billion, a PE ratio of 25.34 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

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