Clear Creek Financial Management LLC Acquires Shares of 7,875 Celsius Holdings Inc. (NASDAQ:CELH)

Clear Creek Financial Management LLC bought a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,875 shares of the company's stock, valued at approximately $281,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in shares of Celsius during the 1st quarter worth $32,000. Peregrine Capital Management LLC raised its stake in shares of Celsius by 3.5% during the 1st quarter. Peregrine Capital Management LLC now owns 252,956 shares of the company's stock worth $9,010,000 after buying an additional 8,496 shares during the last quarter. KBC Group NV raised its stake in shares of Celsius by 3.8% during the 1st quarter. KBC Group NV now owns 34,992 shares of the company's stock worth $1,246,000 after buying an additional 1,286 shares during the last quarter. Sovran Advisors LLC raised its stake in shares of Celsius by 24.9% during the 1st quarter. Sovran Advisors LLC now owns 103,405 shares of the company's stock worth $3,851,000 after buying an additional 20,637 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Celsius by 124.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company's stock worth $71,000 after buying an additional 1,106 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Up 0.1%

Shares of NASDAQ CELH traded up $0.06 on Friday, reaching $46.43. 2,433,913 shares of the company traded hands, compared to its average volume of 8,162,135. The company has a 50 day moving average of $39.91 and a 200 day moving average of $32.91. The stock has a market capitalization of $11.97 billion, a PE ratio of 145.08, a P/E/G ratio of 1.66 and a beta of 1.45. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $60.70.

Celsius (NASDAQ:CELH - Get Free Report) last posted its 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 firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. As a group, research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Fieldly sold 130,803 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer directly owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. This trade represents a 11.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 562,974 shares of company stock valued at $25,758,418. Corporate insiders own 2.55% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CELH shares. Wells Fargo & Company lifted their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Stifel Nicolaus assumed coverage on shares of Celsius in a report on Thursday, June 12th. They issued a "buy" rating and a $47.00 target price on the stock. LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Piper Sandler upped their target price on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Celsius from a "hold" rating to a "sell" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus target price of $45.18.

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.