Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Stake Boosted by Choreo LLC

Choreo LLC increased its position in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the period. Choreo LLC owned about 2.63% of Splash Beverage Group worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Sanibel Captiva Trust Company Inc. acquired a new stake in Splash Beverage Group in the first quarter valued at approximately $28,000. 5.77% of the stock is owned by hedge funds and other institutional investors.

Splash Beverage Group Stock Performance

SBEV opened at $0.25 on Wednesday. The firm has a market cap of $14.48 million, a price-to-earnings ratio of -0.50 and a beta of -1.28. Splash Beverage Group, Inc. has a fifty-two week low of $0.20 and a fifty-two week high of $0.78.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $1.61 million. Splash Beverage Group had a negative net margin of 207.89% and a negative return on equity of 1,659.09%. On average, sell-side analysts anticipate that Splash Beverage Group, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SBEV has been the subject of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $1.00 price target on shares of Splash Beverage Group in a research report on Monday, August 26th. Roth Mkm reissued a “buy” rating and issued a $1.00 price objective on shares of Splash Beverage Group in a research note on Tuesday, September 3rd.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.