Baird Financial Group Inc. Has $816,000 Stake in Celsius Holdings Inc. $CELH

Baird Financial Group Inc. trimmed its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 12.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,905 shares of the company’s stock after selling 3,260 shares during the period. Baird Financial Group Inc.’s holdings in Celsius were worth $816,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CELH. American Assets Inc. bought a new position in shares of Celsius in the fourth quarter worth about $1,054,000. Triumph Capital Management boosted its position in Celsius by 41.5% in the fourth quarter. Triumph Capital Management now owns 40,420 shares of the company’s stock valued at $1,065,000 after buying an additional 11,863 shares in the last quarter. Cresset Asset Management LLC boosted its position in Celsius by 11.4% in the fourth quarter. Cresset Asset Management LLC now owns 11,934 shares of the company’s stock valued at $314,000 after buying an additional 1,223 shares in the last quarter. Janus Henderson Group PLC boosted its position in Celsius by 97.1% in the fourth quarter. Janus Henderson Group PLC now owns 108,284 shares of the company’s stock valued at $2,853,000 after buying an additional 53,344 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its position in Celsius by 26.1% in the fourth quarter. Investment Management Corp of Ontario now owns 13,520 shares of the company’s stock valued at $356,000 after buying an additional 2,798 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Up 0.7%

NASDAQ:CELH opened at $56.04 on Wednesday. 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 Holdings Inc. has a one year low of $21.10 and a one year high of $63.50. The company has a market cap of $14.46 billion, a PE ratio of 151.46, a PEG ratio of 1.26 and a beta of 1.34. The firm has a 50-day moving average of $51.70 and a 200-day moving average of $41.51.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share 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 company had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same quarter in the prior year, the business posted $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. As a group, equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CELH. Roth Capital raised their target price on shares of Celsius from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Stifel Nicolaus upped their price objective on Celsius from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. UBS Group upped their price objective on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Bank of America upped their target price on Celsius from $35.00 to $40.00 and gave the company an “underperform” rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.42.

Insider Transactions at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief financial officer owned 104,227 shares of the company’s stock, valued at $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Fieldly sold 143,167 shares of the business’s stock in a transaction that occurred on 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 directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 991,470 shares of company stock valued at $47,307,297. Corporate insiders own 2.20% of the company’s stock.

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.