Nisa Investment Advisors LLC Has $1.89 Million Stake in Celsius Holdings Inc. (NASDAQ:CELH)

Nisa Investment Advisors LLC increased its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 57.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,117 shares of the company's stock after acquiring an additional 19,356 shares during the period. Nisa Investment Advisors LLC's holdings in Celsius were worth $1,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in shares of Celsius in the first quarter worth about $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in 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 buying an additional 750 shares during the last quarter. UMB Bank n.a. increased its stake 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 in the last quarter. Fifth Third Bancorp boosted its holdings in Celsius by 62.9% during the 1st 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 last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in Celsius by 124.7% during the first 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. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Down 2.7%

Shares of NASDAQ CELH traded down $1.22 during midday trading on Wednesday, hitting $44.29. The stock had a trading volume of 2,875,483 shares, compared to its average volume of 8,054,597. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $53.41. The company has a market cap of $11.42 billion, a P/E ratio of 138.38, a PEG ratio of 1.61 and a beta of 1.45. The business's 50 day moving average is $41.38 and its 200-day moving average is $33.84.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The firm had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm's quarterly revenue was down 7.4% on a year-over-year basis. As a group, analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Fieldly sold 130,803 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the transaction, the chief executive officer directly owned 1,038,577 shares of the company's stock, valued at $46,735,965. The trade was a 11.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 562,974 shares of company stock worth $25,758,418. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Needham & Company LLC raised their price target on Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Roth Capital restated a "buy" rating and issued a $52.00 price target (up from $46.00) on shares of Celsius in a research note on Thursday, June 26th. LADENBURG THALM/SH SH decreased their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus initiated coverage on Celsius in a research report on Thursday, June 12th. They set a "buy" rating and a $47.00 price objective on the stock. Finally, Wall Street Zen upgraded Celsius from a "sell" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.94.

Celsius 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.