HighTower Advisors LLC Cuts Holdings in National Beverage Corp. (NASDAQ:FIZZ)

HighTower Advisors LLC decreased its position in National Beverage Corp. (NASDAQ:FIZZ) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,799 shares of the company’s stock after selling 910 shares during the period. HighTower Advisors LLC’s holdings in National Beverage were worth $1,400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in National Beverage in the fourth quarter worth $40,000. KBC Group NV grew its position in shares of National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company’s stock valued at $58,000 after acquiring an additional 640 shares during the period. GAMMA Investing LLC increased its stake in shares of National Beverage by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock worth $68,000 after purchasing an additional 484 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of National Beverage by 158.3% in the 4th quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company’s stock worth $102,000 after purchasing an additional 1,463 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in National Beverage by 78.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock valued at $135,000 after purchasing an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group lowered their target price on National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th.

National Beverage Trading Up 3.3 %

FIZZ stock opened at $40.36 on Tuesday. The firm has a 50 day moving average of $40.94 and a 200-day moving average of $44.30. The firm has a market capitalization of $3.78 billion, a P/E ratio of 20.28 and a beta of 0.87. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $53.48.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The firm had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million.

National Beverage 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.