37,048 Shares in Celsius Holdings Inc. $CELH Bought by SWS Partners

Key Points

• SWS Partners acquired 37,048 shares of Celsius Holdings Inc. (NASDAQ: CELH) worth approximately $1.7 million in the second quarter.
• Major shareholder William H. Milmoe sold 300,000 shares for about $14.18 million, decreasing his ownership stake by 1.64%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Celsius, with a price target increase to an average of $61.95.

SWS Partners bought a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,048 shares of the company's stock, valued at approximately $1,719,000.

Other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in Celsius during the first quarter worth $32,000. Summit Securities Group LLC acquired a new stake in Celsius in the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after acquiring an additional 750 shares during the last quarter. UMB Bank n.a. lifted its stake in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after acquiring an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake 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 acquiring an additional 666 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 300,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 860,667 shares of company stock valued at $41,421,162 in the last quarter. Company insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of recent analyst reports. B. Riley increased their price target on shares of Celsius from $56.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Citigroup reiterated a "buy" rating on shares of Celsius in a research note on Sunday, August 31st. Needham & Company LLC increased their price target on shares of Celsius from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Cowen reiterated a "buy" rating on shares of Celsius in a research note on Tuesday, September 2nd. Finally, The Goldman Sachs Group began coverage on shares of Celsius in a research note on Thursday, September 11th. They issued a "buy" rating and a $72.00 price target for the company. Eighteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.95.

Celsius Stock Performance

NASDAQ CELH opened at $54.39 on Monday. The firm has a 50-day moving average of $54.08 and a 200-day moving average of $44.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a market cap of $14.03 billion, a PE ratio of 147.00, a P/E/G ratio of 1.23 and a beta of 1.33. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping 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 period last year, the firm earned $0.28 earnings per share. Celsius's revenue for the quarter was up 83.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Celsius 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.

Want to see what other hedge funds are holding CELH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celsius Holdings Inc. (NASDAQ:CELH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.