State of Alaska Department of Revenue Sells 845 Shares of Celsius Holdings Inc. $CELH

State of Alaska Department of Revenue lowered its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,609 shares of the company’s stock after selling 845 shares during the quarter. State of Alaska Department of Revenue’s holdings in Celsius were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CELH. Westside Investment Management Inc. bought a new position in shares of Celsius during the 1st quarter worth approximately $32,000. Summit Securities Group LLC bought a new position in shares of Celsius during the 1st quarter worth approximately $34,000. UMB Bank n.a. lifted its position in shares of Celsius by 145.0% during 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 in the last quarter. Fifth Third Bancorp lifted its position in shares of Celsius by 62.9% during 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 in the last quarter. Finally, Peterson Wealth Services bought a new position in shares of Celsius during the 1st quarter worth approximately $66,000. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CELH. Cowen reissued a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Celsius in a report on Sunday, August 31st. The Goldman Sachs Group initiated coverage on shares of Celsius in a report on Thursday, September 11th. They issued a “buy” rating and a $72.00 price target on the stock. Finally, Maxim Group lifted their price target on shares of Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Nineteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.40.

Celsius Stock Up 0.7%

Celsius stock opened at $59.11 on Tuesday. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 159.76, a P/E/G ratio of 1.32 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm has a 50 day simple moving average of $55.59 and a 200 day simple moving average of $45.28.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating 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 business had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. During the same period in the previous year, the business earned $0.28 EPS. Celsius’s revenue was up 83.9% compared to the same quarter last year. On average, analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Jarrod Langhans sold 5,000 shares of Celsius 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 completion of the transaction, the chief financial officer directly owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of Celsius 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 transaction, the chief executive officer owned 895,410 shares of the company’s stock, valued at $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,667 shares of company stock worth $27,240,162 in the last three months. Insiders own 2.55% 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.