SG Americas Securities LLC Sells 1,898,460 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

SG Americas Securities LLC cut its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 98.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,353 shares of the company's stock after selling 1,898,460 shares during the period. SG Americas Securities LLC's holdings in Celsius were worth $1,224,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Celsius by 19.7% during the first 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 period. Wealthcare Advisory Partners LLC grew its holdings in Celsius by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock worth $346,000 after acquiring an additional 301 shares during the period. Portside Wealth Group LLC acquired a new position in Celsius during the first quarter worth about $219,000. First Citizens Bank & Trust Co. acquired a new position in Celsius during the first quarter worth about $203,000. Finally, Bennett Selby Investments LP grew its holdings in Celsius by 9.6% during the first quarter. Bennett Selby Investments LP now owns 56,585 shares of the company's stock worth $2,016,000 after acquiring an additional 4,940 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Down 0.2%

CELH stock traded down $0.09 during trading on Wednesday, hitting $44.07. The company had a trading volume of 6,730,019 shares, compared to its average volume of 8,092,934. The firm has a 50-day moving average price of $37.78 and a 200-day moving average price of $31.53. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $64.19. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 73.60, a PEG ratio of 1.59 and a beta of 1.43.

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

Analysts Set New Price Targets

CELH has been the topic of several analyst reports. Roth Mkm reissued a "buy" rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus initiated coverage on shares of Celsius in a research report on Thursday, June 12th. They issued a "buy" rating and a $47.00 target price on the stock. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $55.00 in a research report on Monday. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.24.

Insider Activity

In related news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the transaction, the chief executive officer now directly owns 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.55% of the stock is owned by company insiders.

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.