Celsius Holdings Inc. $CELH Stake Decreased by Sharp Financial Services LLC

Sharp Financial Services LLC trimmed its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,300 shares of the company’s stock after selling 400 shares during the quarter. Sharp Financial Services LLC’s holdings in Celsius were worth $246,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CELH. Westside Investment Management Inc. acquired a new position in Celsius during the 1st quarter worth $32,000. Summit Securities Group LLC acquired a new position in shares of Celsius during the first quarter valued at $34,000. UMB Bank n.a. raised its stake in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock valued at $51,000 after purchasing an additional 844 shares in the last quarter. Fifth Third Bancorp lifted its holdings 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 period. Finally, Peterson Wealth Services bought a new position in Celsius in the 1st quarter valued at about $66,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction that occurred 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 transaction, the insider directly owned 17,717,770 shares of the company’s stock, valued at $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $300,000.00. Following the sale, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. This represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,667 shares of company stock worth $27,240,162 in the last three months. Insiders own 2.55% of the company’s stock.

Celsius Price Performance

NASDAQ CELH opened at $60.70 on Monday. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $64.81. The business’s fifty day moving average is $56.89 and its two-hundred day moving average is $46.04. The stock has a market capitalization of $15.66 billion, a P/E ratio of 164.05, a P/E/G ratio of 1.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11.

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

Wall Street Analyst Weigh In

A number of research firms have commented on CELH. Needham & Company LLC boosted their price target on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Stephens reissued an “overweight” rating on shares of Celsius in a report on Monday, August 11th. Cowen reaffirmed a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. UBS Group lifted their price target on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen lowered Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.15.

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.