HighTower Advisors LLC Reduces Position in Celsius Holdings Inc. $CELH

HighTower Advisors LLC cut its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 76.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,922 shares of the company’s stock after selling 77,418 shares during the period. HighTower Advisors LLC’s holdings in Celsius were worth $852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Celsius in the first quarter worth about $32,000. MassMutual Private Wealth & Trust FSB boosted its position in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares during the last quarter. UMB Bank n.a. boosted its position in Celsius by 145.0% in the first 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 boosted its position in Celsius by 62.9% in the first 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, Peterson Wealth Services purchased a new position in Celsius in the first quarter worth about $66,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Celsius

In other Celsius news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the sale, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. The trade was a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,116,141 shares of company stock worth $52,541,605 over the last ninety days. 2.55% of the stock is owned by corporate insiders.

Celsius Stock Performance

NASDAQ:CELH opened at $59.76 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.00. The stock has a 50-day moving average price of $49.03 and a 200 day moving average price of $39.15. The stock has a market capitalization of $15.42 billion, a P/E ratio of 161.51, a P/E/G ratio of 1.36 and a beta of 1.40.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. Equities research analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CELH shares. Truist Financial raised their target price on Celsius from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Roth Capital reissued a “buy” rating and issued a $52.00 target price (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. B. Riley reaffirmed a “buy” rating and set a $56.00 price objective (up from $52.00) on shares of Celsius in a research report on Friday, August 8th. Wall Street Zen downgraded Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Morgan Stanley increased their target price on shares of Celsius from $42.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.28.

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.