Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 98.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,353 shares of the company’s stock after selling 1,898,460 shares during the quarter. SG Americas Securities LLC’s holdings in Celsius were worth $1,224,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CELH. Champlain Investment Partners LLC acquired a new position in Celsius in the fourth quarter valued at about $85,068,000. Contrarius Group Holdings Ltd acquired a new position in Celsius in the fourth quarter valued at about $75,535,000. Norges Bank acquired a new position in Celsius in the fourth quarter valued at about $72,579,000. Alyeska Investment Group L.P. lifted its position in Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after buying an additional 2,591,345 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Celsius in the fourth quarter valued at about $61,160,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 132,171 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total value of $5,691,283.26. Following the transaction, the chief executive officer now directly owns 1,169,380 shares of the company’s stock, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.55% of the stock is currently owned by corporate insiders.

Celsius Stock Up 5.7%

NASDAQ CELH opened at $43.49 on Tuesday. The stock has a market cap of $11.21 billion, a PE ratio of 98.84, a P/E/G ratio of 2.90 and a beta of 1.43. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.19. The business has a 50 day moving average price of $37.45 and a two-hundred day moving average price of $31.34.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to analysts’ expectations of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

CELH has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wells Fargo & Company increased their price target on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Stifel Nicolaus initiated coverage on shares of Celsius in a research report on Thursday, June 12th. They set a “buy” rating and a $47.00 price target on the stock. UBS Group increased their price target on shares of Celsius from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, Roth Mkm reissued a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

About Celsius

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.