SodaStream (SODA) Holdings Trimmed by ClariVest Asset Management LLC
ClariVest Asset Management LLC decreased its holdings in SodaStream (NASDAQ:SODA) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,638 shares of the company’s stock after selling 8,538 shares during the period. ClariVest Asset Management LLC owned about 0.28% of SodaStream worth $5,844,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in SODA. OppenheimerFunds Inc. increased its stake in SodaStream by 150.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,000,000 shares of the company’s stock worth $70,340,000 after purchasing an additional 600,000 shares during the period. LA Financiere DE L Echiquier purchased a new stake in SodaStream in the first quarter worth $30,488,000. Renaissance Technologies LLC increased its stake in SodaStream by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,214,000 shares of the company’s stock worth $85,393,000 after purchasing an additional 191,500 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in SodaStream by 9,333.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141,500 shares of the company’s stock worth $12,994,000 after purchasing an additional 140,000 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in SodaStream in the fourth quarter worth $7,273,000. Institutional investors and hedge funds own 55.47% of the company’s stock.
SODA has been the topic of a number of recent analyst reports. Susquehanna Bancshares set a $118.00 target price on SodaStream and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine upgraded SodaStream from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded SodaStream from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Saturday, February 17th. B. Riley initiated coverage on SodaStream in a research note on Tuesday, April 3rd. They set a “buy” rating and a $110.00 price target on the stock. Finally, Jefferies Group restated a “hold” rating and set a $82.00 price target on shares of SodaStream in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $99.20.
SodaStream (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. The firm had revenue of $143.60 million for the quarter, compared to analyst estimates of $132.70 million. SodaStream had a return on equity of 16.11% and a net margin of 13.68%. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. analysts forecast that SodaStream will post 3.59 EPS for the current year.
SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. Its home beverage carbonation systems enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The company offers sparkling water makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, including CO2 refills, reusable carbonation bottles, and flavors; and accessories for its products that are manufactured by third parties.
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