Harbour Investments Inc. Decreases Stake in Celsius Holdings Inc. $CELH

Harbour Investments Inc. reduced its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 47.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,293 shares of the company’s stock after selling 1,181 shares during the period. Harbour Investments Inc.’s holdings in Celsius were worth $60,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CELH. Westside Investment Management Inc. purchased a new position in Celsius in the 1st quarter worth approximately $32,000. Summit Securities Group LLC purchased a new position in Celsius in the 1st quarter worth approximately $34,000. Peterson Wealth Services purchased a new position in Celsius in the 1st quarter worth approximately $66,000. Golden State Wealth Management LLC increased its stake in Celsius by 124.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock worth $71,000 after purchasing an additional 1,106 shares during the period. Finally, GAMMA Investing LLC increased its stake in 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 purchasing an additional 338 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Up 2.3%

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

Celsius (NASDAQ:CELH) last released its quarterly 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. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue was up 83.9% on a year-over-year basis. Research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In related news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the sale, the chief financial officer directly 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 document filed with the SEC, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $62.50, for a total value of $2,500,000.00. Following the sale, the insider owned 221,245 shares in the company, valued at $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 605,667 shares of company stock valued at $30,065,162 over the last ninety days. Insiders own 2.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CELH. Mizuho boosted their target price on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Bank of America boosted their target price on Celsius from $40.00 to $55.00 and gave the company an “underperform” rating in a research note on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. B. Riley boosted their target price on Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Finally, Roth Capital reissued a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Nineteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.45.

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.