SG Americas Securities LLC Trims Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

SG Americas Securities LLC decreased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 77.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,626 shares of the company’s stock after selling 12,541 shares during the period. SG Americas Securities LLC’s holdings in Celsius were worth $198,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC increased its stake in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Celsius in the fourth quarter valued at approximately $25,000. Money Concepts Capital Corp bought a new position in shares of Celsius in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust bought a new position in shares of Celsius in the second quarter valued at approximately $30,000. Finally, Heritage Wealth Advisors bought a new position in shares of Celsius in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

CELH stock opened at $79.72 on Friday. The company has a market capitalization of $18.42 billion, a PE ratio of 103.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $28.10 and a one year high of $99.62. The company’s 50 day moving average price is $77.36 and its two-hundred day moving average price is $63.66.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business’s revenue was up 95.2% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, research analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Friday, January 19th. Wedbush raised their price objective on shares of Celsius from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Jefferies Financial Group raised their price objective on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group lifted their target price on shares of Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Stifel Nicolaus lifted their target price on shares of Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.10.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 60,462 shares of Celsius stock in a transaction on Friday, January 19th. The shares were sold at an average price of $33.33, for a total value of $2,015,198.46. Following the transaction, the insider now directly owns 31,603,782 shares of the company’s stock, valued at $1,053,354,054.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder William H. Milmoe sold 60,462 shares of Celsius stock in a transaction on Friday, January 19th. The shares were sold at an average price of $33.33, for a total value of $2,015,198.46. Following the transaction, the insider now directly owns 31,603,782 shares of the company’s stock, valued at $1,053,354,054.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 129,658 shares of Celsius stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.49, for a total transaction of $6,157,458.42. Following the completion of the transaction, the insider now directly owns 31,413,662 shares in the company, valued at $1,491,834,808.38. The disclosure for this sale can be found here. Insiders have sold a total of 1,094,783 shares of company stock valued at $62,679,671 over the last three months. 2.70% of the stock is owned by company insiders.

Celsius Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.