Celsius Holdings Inc. $CELH Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. dramatically reduced its stake in Celsius Holdings Inc. by 90.7%, owning only 4,308 shares after selling 41,797 during the second quarter.
• Equities research analysts have varying opinions on Celsius, with 19 analysts giving a Buy rating, while Zacks downgraded it to a Hold rating, reflecting mixed sentiments in the market.
• Celsius reported earnings of $0.47 per share, significantly beating estimates and showing a year-over-year revenue increase of 83.9%, totaling $739.30 million for the quarter.

Atria Wealth Solutions Inc. cut its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 90.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,308 shares of the company's stock after selling 41,797 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Celsius were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CELH. Westside Investment Management Inc. acquired a new stake in Celsius during the 1st quarter worth approximately $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $34,000. Peterson Wealth Services purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $66,000. Golden State Wealth Management LLC increased its position in shares of Celsius by 124.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company's stock valued at $71,000 after purchasing an additional 1,106 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Celsius by 19.7% in the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock valued at $73,000 after purchasing an additional 338 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup reissued a "buy" rating on shares of Celsius in a research report on Sunday, August 31st. Roth Capital reissued a "buy" rating on shares of Celsius in a research report on Thursday, October 2nd. Zacks Research downgraded shares of Celsius from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Stephens reissued an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. Finally, Jefferies Financial Group set a $72.00 price objective on shares of Celsius and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Celsius Trading Up 0.6%

NASDAQ CELH opened at $61.95 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm's fifty day moving average price is $59.14 and its 200 day moving average price is $47.60. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 167.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. The firm had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company's revenue was up 83.9% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. On average, sell-side analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 100,000 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider owned 37,550 shares of the company's stock, valued at approximately $2,287,921.50. This represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 605,667 shares of company stock worth $30,065,162. Insiders own 2.55% of the company's stock.

About Celsius

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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