Catalyst Capital Advisors LLC Lowers Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Catalyst Capital Advisors LLC cut its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 90.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,525 shares of the company's stock after selling 13,727 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Celsius were worth $54,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CELH. Westside Investment Management Inc. acquired a new position in Celsius in the 1st quarter valued at $32,000. HM Payson & Co. increased its stake in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after buying an additional 550 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares during the period. UMB Bank n.a. increased its stake in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after acquiring an additional 844 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after acquiring an additional 666 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Celsius 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 sale, the insider directly owned 18,017,770 shares of the company's stock, valued at $851,699,987.90. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Fieldly sold 130,803 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer owned 1,038,577 shares in the company, valued at approximately $46,735,965. This trade represents a 11.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,974 shares of company stock worth $25,758,418. Corporate insiders own 2.55% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the topic of several recent analyst reports. Truist Financial boosted their target price on Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wall Street Zen lowered Celsius from a "hold" rating to a "sell" rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $47.00 price objective on shares of Celsius in a report on Thursday, May 29th. Finally, Stifel Nicolaus began coverage on shares of Celsius in a research note on Thursday, June 12th. They set a "buy" rating and a $47.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Celsius has an average rating of "Moderate Buy" and an average price target of $45.18.

Celsius Trading Up 0.1%

Shares of CELH stock traded up $0.06 during trading hours on Friday, hitting $46.43. The company's stock had a trading volume of 2,433,913 shares, compared to its average volume of 8,162,135. The business has a fifty day moving average of $39.91 and a 200-day moving average of $32.95. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 145.08, a P/E/G ratio of 1.66 and a beta of 1.45. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $60.70.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. Celsius's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

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.