Semanteon Capital Management LP Acquires New Position in National Beverage Corp. (NASDAQ:FIZZ)

Semanteon Capital Management LP bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the 4th quarter, HoldingsChannel reports. The fund bought 18,679 shares of the company’s stock, valued at approximately $929,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in National Beverage by 67.3% in the third quarter. Invesco Ltd. now owns 210,971 shares of the company’s stock valued at $9,920,000 after purchasing an additional 84,870 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of National Beverage by 50.3% in the third quarter. Envestnet Asset Management Inc. now owns 196,288 shares of the company’s stock valued at $9,229,000 after purchasing an additional 65,702 shares during the period. Qube Research & Technologies Ltd lifted its holdings in National Beverage by 59.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 117,144 shares of the company’s stock worth $5,508,000 after buying an additional 43,864 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of National Beverage by 77.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 99,399 shares of the company’s stock valued at $4,942,000 after purchasing an additional 43,349 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of National Beverage during the third quarter worth about $1,190,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Price Performance

National Beverage stock traded down $1.02 during mid-day trading on Thursday, reaching $43.51. The company had a trading volume of 132,714 shares, compared to its average volume of 155,599. The stock’s 50-day simple moving average is $48.27 and its 200-day simple moving average is $48.23. The company has a market capitalization of $4.07 billion, a P/E ratio of 24.04 and a beta of 0.84. National Beverage Corp. has a 1 year low of $43.45 and a 1 year high of $55.12.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, March 7th. The company reported $0.42 EPS for the quarter. National Beverage had a return on equity of 38.23% and a net margin of 14.34%. The firm had revenue of $270.07 million during the quarter.

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 12,000 shares of National Beverage stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $47.94, for a total value of $575,280.00. Following the transaction, the director now owns 60,480 shares in the company, valued at $2,899,411.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 75.00% of the stock is owned by insiders.

About National Beverage

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.