Russell Investments Group Ltd. Sells 83,899 Shares of Celsius Holdings Inc. $CELH

Russell Investments Group Ltd. reduced its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 96.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,387 shares of the company’s stock after selling 83,899 shares during the period. Russell Investments Group Ltd.’s holdings in Celsius were worth $121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Invesco Ltd. increased its stake in shares of Celsius by 1.8% during the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company’s stock valued at $85,303,000 after purchasing an additional 42,997 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Celsius by 32.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company’s stock worth $50,761,000 after purchasing an additional 468,094 shares during the last quarter. Northern Trust Corp boosted its holdings in Celsius by 15.7% in the fourth quarter. Northern Trust Corp now owns 1,347,662 shares of the company’s stock worth $35,497,000 after purchasing an additional 183,163 shares during the last quarter. Two Sigma Investments LP raised its position in Celsius by 264.1% in the fourth quarter. Two Sigma Investments LP now owns 894,158 shares of the company’s stock worth $23,552,000 after acquiring an additional 648,582 shares during the period. Finally, Nuveen Asset Management LLC raised its position in Celsius by 16.5% in the fourth quarter. Nuveen Asset Management LLC now owns 819,025 shares of the company’s stock worth $21,573,000 after acquiring an additional 116,216 shares during the period. Institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the completion of the sale, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares of the company’s stock, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,116,141 shares of company stock valued at $52,541,605. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CELH has been the topic of several recent research reports. Wall Street Zen downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Needham & Company LLC lifted their price objective on shares of Celsius from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Stifel Nicolaus lifted their price objective on shares of Celsius from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group lifted their price target on shares of Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Bank of America lifted their price objective on shares of Celsius from $35.00 to $40.00 and gave the company an “underperform” rating in a report on Friday, August 8th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.37.

Celsius Stock Down 0.5%

CELH stock opened at $61.10 on Thursday. The firm’s fifty day simple moving average is $50.76 and its 200-day simple moving average is $40.52. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.50. The company has a market capitalization of $15.76 billion, a P/E ratio of 165.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

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

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.