Renaissance Technologies LLC Sells 47,900 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Renaissance Technologies LLC trimmed its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,431,611 shares of the company’s stock after selling 47,900 shares during the quarter. Renaissance Technologies LLC’s holdings in National Beverage were worth $175,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of National Beverage in the 2nd quarter valued at $34,000. Headlands Technologies LLC boosted its holdings in National Beverage by 760.2% during the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after buying an additional 745 shares during the last quarter. GAMMA Investing LLC grew its position in shares of National Beverage by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after buying an additional 344 shares during the period. ProShare Advisors LLC increased its stake in shares of National Beverage by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock valued at $227,000 after acquiring an additional 330 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of National Beverage by 22.2% in the 2nd quarter. National Bank of Canada FI now owns 5,049 shares of the company’s stock valued at $266,000 after acquiring an additional 916 shares during the period. 23.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, UBS Group decreased their price objective on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, September 10th.

National Beverage Trading Up 0.3 %

NASDAQ:FIZZ opened at $44.49 on Monday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 23.54 and a beta of 0.82. The stock has a 50-day moving average price of $47.34 and a two-hundred day moving average price of $47.48. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58.

National Beverage (NASDAQ:FIZZ) last posted its earnings results 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. The business had revenue of $329.47 million during the quarter. National Beverage had a return on equity of 39.91% and a net margin of 15.36%.

Insider Transactions at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 10,000 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.11, for a total transaction of $501,100.00. Following the completion of the transaction, the director now owns 56,480 shares in the company, valued at approximately $2,830,212.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Cecil D. Conlee sold 10,000 shares of National Beverage stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the sale, the director now owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stanley Michael Sheridan sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $51.81, for a total value of $828,960.00. Following the transaction, the director now directly owns 76,508 shares of the company’s stock, valued at approximately $3,963,879.48. The disclosure for this sale can be found here. 75.00% of the stock is owned by insiders.

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.