Celsius Holdings Inc. (NASDAQ:CELH) Stock Holdings Lowered by SG Americas Securities LLC

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

A number of other large investors have also added to or reduced their stakes in the company. Triumph Capital Management boosted its stake in shares of Celsius by 41.5% during the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company's stock valued at $1,065,000 after buying an additional 11,863 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Celsius by 21.9% during the 4th quarter. Jones Financial Companies Lllp now owns 17,350 shares of the company's stock worth $457,000 after acquiring an additional 3,116 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Celsius by 4,164.4% in the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock worth $2,604,000 after purchasing an additional 71,378 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Celsius by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock valued at $66,000 after purchasing an additional 614 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Celsius by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock valued at $416,517,000 after purchasing an additional 345,837 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Performance

Shares of CELH traded down $0.64 during mid-day trading on Friday, reaching $43.43. 3,423,988 shares of the company's stock traded hands, compared to its average volume of 8,868,569. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $62.68. The stock has a market capitalization of $11.19 billion, a P/E ratio of 135.65, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43. The business's 50-day moving average price is $38.07 and its 200-day moving average price is $31.73.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company's revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CELH. B. Riley reissued a "buy" rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Wells Fargo & Company boosted their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Piper Sandler raised their price objective on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and raised their price target for the stock from $37.00 to $55.00 in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.24.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the sale, the chief executive officer now directly owns 1,169,380 shares in the company, valued at $50,353,502.80. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.55% of the company's stock.

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.