Celsius Holdings Inc. (NASDAQ:CELH) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 64.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,286 shares of the company’s stock after selling 11,360 shares during the period. Brown Advisory Inc.’s holdings in Celsius were worth $224,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Celsius during the 1st quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB increased its stake in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after buying an additional 750 shares during the period. UMB Bank n.a. grew its stake 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 purchasing an additional 844 shares during the last quarter. Fifth Third Bancorp grew its stake 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 purchasing an additional 666 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Celsius by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company’s stock worth $66,000 after purchasing an additional 614 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 132,171 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer directly owned 1,169,380 shares in the company, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 18,017,770 shares of the company’s stock, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 562,974 shares of company stock valued at $25,758,418. Corporate insiders own 2.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CELH. Stifel Nicolaus started coverage on shares of Celsius in a research note on Thursday, June 12th. They issued a “buy” rating and a $47.00 price objective on the stock. Needham & Company LLC boosted their price objective on shares of Celsius from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. UBS Group boosted their price objective on shares of Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Piper Sandler boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Celsius from a “sell” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.94.

Celsius Trading Down 2.3%

NASDAQ:CELH opened at $44.45 on Thursday. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $52.39. The firm’s fifty day simple moving average is $41.55 and its 200 day simple moving average is $33.91. The firm has a market capitalization of $11.46 billion, a PE ratio of 138.91, a PEG ratio of 1.61 and a beta of 1.45.

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

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.