Penserra Capital Management LLC Sells 681 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Penserra Capital Management LLC lessened its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 42.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 934 shares of the company’s stock after selling 681 shares during the period. Penserra Capital Management LLC’s holdings in Celsius were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. bought a new stake in Celsius during the 1st quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after buying an additional 750 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after buying an additional 844 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after buying an additional 666 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Celsius by 124.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock worth $71,000 after buying an additional 1,106 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In related news, CEO John Fieldly sold 130,803 shares of Celsius stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the transaction, the chief executive officer directly owned 1,038,577 shares of the company’s stock, valued at $46,735,965. This trade represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares of the company’s stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 562,974 shares of company stock valued at $25,758,418. Corporate insiders own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CELH. 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 report on Friday, May 2nd. TD Cowen raised shares of Celsius from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $55.00 in a report on Monday, June 16th. Roth Capital reissued a “buy” rating and issued a $52.00 price target (up previously from $46.00) on shares of Celsius in a report on Thursday, June 26th. Wells Fargo & Company increased their target price on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, UBS Group increased their target price on shares of Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.65.

Celsius Stock Down 0.2%

Shares of Celsius stock opened at $45.09 on Friday. The firm has a market cap of $11.62 billion, a PE ratio of 140.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $57.48. The company’s fifty day simple moving average is $40.94 and its two-hundred day simple moving average is $33.58.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The firm had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. During the same period last year, the business earned $0.27 EPS. Celsius’s revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius Company 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.