Celsius Holdings Inc. $CELH Shares Sold by Beck Bode LLC

Beck Bode LLC cut its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 20.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,266 shares of the company’s stock after selling 3,093 shares during the period. Beck Bode LLC’s holdings in Celsius were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in Celsius during the first quarter valued at $32,000. Summit Securities Group LLC acquired a new position in Celsius during the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its position in Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after purchasing an additional 750 shares during the period. UMB Bank n.a. lifted its position in 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 during the period. Finally, Fifth Third Bancorp increased its holdings in Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after buying an additional 666 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Up 0.3%

Shares of NASDAQ CELH opened at $59.76 on Thursday. 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 stock has a market cap of $15.42 billion, a PE ratio of 161.51, a P/E/G ratio of 1.36 and a beta of 1.40. The company has a 50-day moving average of $49.03 and a 200 day moving average of $39.15. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.00.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. Celsius’s revenue was up 83.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. As a group, sell-side analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity

In other Celsius news, CEO John Fieldly sold 143,167 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at $45,827,083.80. The trade was a 13.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,116,141 shares of company stock valued at $52,541,605. Company insiders own 2.55% of the company’s stock.

Analyst Ratings Changes

CELH has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of Celsius from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wells Fargo & Company increased their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. TD Cowen raised shares of Celsius from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. Piper Sandler increased their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $52.28.

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.