Commonwealth Equity Services LLC decreased its position in Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) by 25.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,645 shares of the company’s stock after selling 8,674 shares during the period. Commonwealth Equity Services LLC’s holdings in Celsius were worth $2,383,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. OLD Mission Capital LLC bought a new stake in Celsius during the 4th quarter valued at $27,000. Money Concepts Capital Corp bought a new stake in shares of Celsius during the 4th quarter valued at $28,000. Ameritas Advisory Services LLC purchased a new stake in Celsius during the 1st quarter worth about $42,000. Fortis Capital Advisors LLC bought a new position in Celsius in the 4th quarter worth about $67,000. Finally, Belpointe Asset Management LLC purchased a new position in Celsius during the 4th quarter valued at about $99,000. 60.32% of the stock is owned by institutional investors.
In other Celsius news, Director Alexandre Ruberti sold 4,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $175.25, for a total value of $701,000.00. Following the completion of the sale, the director now directly owns 15,805 shares of the company’s stock, valued at $2,769,826.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Celsius news, major shareholder William H. Milmoe sold 10,000 shares of Celsius stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the insider now directly owns 19,915 shares of the company’s stock, valued at approximately $3,475,167.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandre Ruberti sold 4,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $175.25, for a total value of $701,000.00. Following the sale, the director now directly owns 15,805 shares of the company’s stock, valued at approximately $2,769,826.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 873,608 shares of company stock valued at $141,962,128. Corporate insiders own 2.70% of the company’s stock.
Celsius Stock Up 1.5 %
Celsius (NASDAQ:CELH – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.26. The company had revenue of $325.88 million during the quarter, compared to the consensus estimate of $277.19 million. Celsius had a positive return on equity of 66.52% and a negative net margin of 11.60%. Celsius’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, research analysts expect that Celsius Holdings, Inc. will post 1.81 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CELH. Wedbush increased their price target on shares of Celsius from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Maxim Group lowered shares of Celsius from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. UBS Group increased their price objective on Celsius from $130.00 to $160.00 in a research report on Friday, June 2nd. LADENBURG THALM/SH SH lifted their price objective on Celsius from $110.00 to $122.00 in a research note on Wednesday, May 10th. Finally, Stephens upped their target price on Celsius from $180.00 to $200.00 in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.80.
Celsius Company Profile
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
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