Celsius Holdings Inc. $CELH Shares Sold by Aviva PLC

Aviva PLC decreased its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 40.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,758 shares of the company’s stock after selling 8,121 shares during the quarter. Aviva PLC’s holdings in Celsius were worth $545,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after buying an additional 820,297 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Celsius during the 2nd quarter worth $835,000. SWS Partners acquired a new position in Celsius during the 2nd quarter worth $1,719,000. Polianta Ltd bought a new stake in shares of Celsius in the 2nd quarter worth about $1,428,000. Finally, CWM LLC raised its stake in shares of Celsius by 182.1% in the 2nd quarter. CWM LLC now owns 20,698 shares of the company’s stock valued at $960,000 after purchasing an additional 13,362 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CELH shares. Needham & Company LLC lifted their price target on Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Bank of America decreased their target price on Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, November 7th. B. Riley boosted their price target on Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. UBS Group dropped their price target on Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings downgraded shares of Celsius from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday. Twenty analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average price target of $62.95.

Insider Transactions at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. The trade was a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider directly owned 221,245 shares of the company’s stock, valued at $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,500 shares of company stock valued at $3,581,975. Corporate insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of CELH opened at $44.01 on Friday. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 118.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The stock’s fifty day moving average is $57.12 and its 200-day moving average is $49.49. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. 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 announced its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business’s quarterly revenue was up 172.9% compared to the same quarter last year. Equities analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS 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.