American Century Companies Inc. Lowers Stock Holdings in Celsius Holdings Inc. $CELH

Key Points

• American Century Companies Inc. sold 93,177 shares of Celsius Holdings Inc., reducing its stake by 10.0% to own 840,693 shares valued at approximately $29.9 million.
• Celsius reported a quarterly earnings per share of $0.47, exceeding estimates of $0.23, with a revenue of $739.3 million, growing 83.9% year-over-year.
• Insider trading activity included major shareholder William H. Milmoe and CEO John Fieldly selling shares, indicating a total of over 1.1 million shares sold by insiders in the last three months.

American Century Companies Inc. trimmed its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 10.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 840,693 shares of the company's stock after selling 93,177 shares during the period. American Century Companies Inc. owned 0.33% of Celsius worth $29,946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CELH. Westside Investment Management Inc. purchased a new stake in shares of Celsius in the first quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB lifted its position 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 purchasing an additional 750 shares during the period. UMB Bank n.a. lifted its position 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 purchasing an additional 844 shares during the period. Fifth Third Bancorp lifted its position 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 purchasing an additional 666 shares during the period. Finally, Peterson Wealth Services acquired a new stake in Celsius in the first quarter valued at about $66,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on CELH shares. Morgan Stanley raised their price objective on shares of Celsius from $42.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. UBS Group raised their price objective on shares of Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, August 8th. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and raised their price objective for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Citigroup restated a "buy" rating and issued a $60.00 price objective (up previously from $55.00) on shares of Celsius in a research report on Friday, August 8th. Finally, Maxim Group raised their price objective on shares of Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.28.

Celsius Price Performance

Shares of Celsius stock traded down $1.33 during trading on Monday, hitting $60.19. 4,844,881 shares of the company were exchanged, compared to its average volume of 8,191,511. 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 fifty-two week low of $21.10 and a fifty-two week high of $63.00. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 162.68, a P/E/G ratio of 1.40 and a beta of 1.40. The firm has a 50 day moving average price of $48.07 and a 200 day moving average price of $38.60.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same period in the previous year, the firm posted $0.28 EPS. The company's quarterly revenue was up 83.9% compared to the same quarter last year. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Fieldly sold 143,167 shares of Celsius 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares of the company's stock, valued at $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,116,141 shares of company stock valued at $52,541,605. 2.55% of the stock is currently owned by company insiders.

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.