Edgestream Partners L.P. Sells 24,802 Shares of Celsius Holdings Inc. $CELH

Edgestream Partners L.P. cut its position in Celsius Holdings Inc. (NASDAQ:CELH) by 48.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,260 shares of the company’s stock after selling 24,802 shares during the quarter. Edgestream Partners L.P.’s holdings in Celsius were worth $1,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of Celsius by 3.9% in the second quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock valued at $323,000 after buying an additional 261 shares during the period. Quadrant Capital Group LLC grew its holdings in Celsius by 1.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 18,221 shares of the company’s stock worth $845,000 after acquiring an additional 279 shares during the last quarter. Hancock Whitney Corp increased its position in Celsius by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 11,400 shares of the company’s stock valued at $406,000 after acquiring an additional 344 shares during the period. UMB Bank n.a. increased its position in Celsius by 24.7% in the 2nd quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock valued at $82,000 after acquiring an additional 352 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of Celsius by 11.3% during the second quarter. Coldstream Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $218,000 after acquiring an additional 479 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of recent research reports. Bank of America decreased their price objective on Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a report on Friday, November 7th. Wall Street Zen downgraded Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Stifel Nicolaus cut their price objective on Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Mizuho increased their target price on shares of Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Piper Sandler raised their price target on shares of Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Twenty research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.95.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the sale, the insider directly owned 221,245 shares in the company, valued at $13,827,812.50. This trade represents a 15.31% decrease in their position. The sale was disclosed in a 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 dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.55% of the company’s stock.

Celsius Trading Down 1.4%

NASDAQ CELH opened at $42.06 on Friday. 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 0.72, a current ratio of 1.89 and a quick ratio of 1.61. The business has a 50 day simple moving average of $52.60 and a 200 day simple moving average of $49.99. The stock has a market capitalization of $10.84 billion, a P/E ratio of 420.60, a P/E/G ratio of 0.79 and a beta of 1.01.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $725.11 million for the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.Celsius’s revenue was up 172.9% compared to the same quarter last year. Research analysts expect 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.