Blair William & Co. IL Trims Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Blair William & Co. IL reduced its stake in Celsius Holdings Inc. by 15.1%, bringing its holdings to 35,759 shares valued at $1.27 million.
• During the fourth quarter, several hedge funds increased their positions in Celsius, with Champlain Investment Partners LLC acquiring a significant new stake valued at $85 million.
• CEO John Fieldly sold 143,167 shares for about $7.33 million, reducing his ownership by 13.78%, while insiders have sold over 1.1 million shares in the last three months.

Blair William & Co. IL cut its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,759 shares of the company's stock after selling 6,340 shares during the quarter. Blair William & Co. IL's holdings in Celsius were worth $1,274,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CELH. Champlain Investment Partners LLC purchased a new position in shares of Celsius in the fourth quarter valued at $85,068,000. Alyeska Investment Group L.P. grew its position in shares of Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares in the last quarter. FMR LLC grew its position in shares of Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after purchasing an additional 1,585,839 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Celsius by 264.1% in the fourth quarter. Two Sigma Investments LP now owns 894,158 shares of the company's stock valued at $23,552,000 after purchasing an additional 648,582 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Celsius by 32.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company's stock valued at $50,761,000 after buying an additional 468,094 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares of the company's stock, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,106,141 shares of company stock valued at $51,985,705. Company insiders own 2.55% of the company's stock.

Celsius Trading Up 3.7%

NASDAQ CELH opened at $51.95 on Friday. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $53.85. The company has a current ratio of 2.11, a quick ratio of 3.04 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $44.51 and a 200-day moving average of $36.13. The firm has a market cap of $13.39 billion, a PE ratio of 140.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%. The business's revenue was up 83.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

CELH has been the subject of several research analyst reports. B. Riley lifted their price objective on Celsius from $52.00 to $56.00 and gave the company a "buy" rating in a research note on Friday. Roth Capital reissued a "buy" rating and set a $52.00 price objective (up previously from $46.00) on shares of Celsius in a research note on Thursday, June 26th. TD Cowen raised Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. Wells Fargo & Company lifted their price objective on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Celsius currently has an average rating of "Moderate Buy" and an average price target of $51.72.

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.

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