Celsius Holdings Inc. $CELH Shares Sold by Charles Schwab Investment Management Inc.

Key Points

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Charles Schwab Investment Management Inc. trimmed its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 24.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,068,708 shares of the company's stock after selling 339,530 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.41% of Celsius worth $38,067,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. acquired a new position in shares of Celsius in the 1st quarter valued at $32,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Celsius by 255.1% in the 1st 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 period. UMB Bank n.a. increased its holdings in shares of Celsius by 145.0% in the 1st 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 period. Fifth Third Bancorp increased its holdings in shares of Celsius by 62.9% in the 1st 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 period. Finally, Peterson Wealth Services acquired a new position in shares of Celsius in the 1st quarter valued at $66,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 6.8%

Shares of CELH stock opened at $61.20 on Tuesday. The firm has a 50-day moving average price of $46.51 and a 200 day moving average price of $37.52. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $61.38. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 165.41, a PEG ratio of 1.31 and a beta of 1.40. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 300,000 shares of the company'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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $255,900.00. Following the transaction, the chief financial officer directly owned 109,227 shares of the company's stock, valued at approximately $5,590,237.86. This represents a 4.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,111,141 shares of company stock worth $52,241,605. 2.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CELH shares. JPMorgan Chase & Co. lifted their price objective on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial boosted their target price on shares of Celsius from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wells Fargo & Company boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Roth Capital restated a "buy" rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average price target of $52.28.

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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