Celsius Holdings Inc. $CELH Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 56.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,401 shares of the company’s stock after selling 88,459 shares during the period. Allianz Asset Management GmbH’s holdings in Celsius were worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CELH. GAMMA Investing LLC lifted its stake in shares of Celsius by 19.7% in the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock worth $73,000 after acquiring an additional 338 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Celsius by 23.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company’s stock worth $796,000 after acquiring an additional 4,210 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Celsius by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company’s stock worth $657,000 after acquiring an additional 500 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Celsius by 12.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,927 shares of the company’s stock worth $460,000 after acquiring an additional 1,435 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Celsius by 21.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,517 shares of the company’s stock worth $1,621,000 after acquiring an additional 8,009 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CELH has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Celsius from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group assumed coverage on shares of Celsius in a report on Thursday, September 11th. They issued a “buy” rating and a $72.00 target price on the stock. B. Riley boosted their target price on shares of Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Celsius in a report on Tuesday, October 14th. Finally, Cowen reiterated a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $64.45.

Celsius Stock Up 2.3%

CELH stock opened at $63.35 on Friday. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $66.74. The company’s 50 day simple moving average is $59.26 and its 200-day simple moving average is $47.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm has a market capitalization of $16.34 billion, a P/E ratio of 171.22, a P/E/G ratio of 1.26 and a beta of 1.38.

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

Insider Buying and Selling at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the sale, the chief financial officer owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. This represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 605,667 shares of company stock valued at $30,065,162 over the last three months. 2.55% of the stock is owned by insiders.

Celsius Company 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.