CWA Asset Management Group LLC Sells 16,626 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

CWA Asset Management Group LLC decreased its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,201 shares of the company's stock after selling 16,626 shares during the period. CWA Asset Management Group LLC owned 0.05% of Celsius worth $4,887,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in Celsius in the first quarter valued at approximately $445,000. QRG Capital Management Inc. purchased a new stake in Celsius in the 1st quarter worth about $206,000. Opal Wealth Advisors LLC bought a new stake in Celsius in the 1st quarter valued at about $72,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Celsius by 23.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company's stock valued at $796,000 after buying an additional 4,210 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after acquiring an additional 666 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Stock Up 1.5%

NASDAQ CELH opened at $44.16 on Wednesday. The company has a 50-day simple moving average of $37.64 and a two-hundred day simple moving average of $31.45. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $64.19. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 138.00, a PEG ratio of 1.57 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million during 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 company's revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John Fieldly sold 132,171 shares of the business'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 transaction of $5,691,283.26. Following 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. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CELH shares. Wells Fargo & Company upped their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $55.00 in a research note on Monday. UBS Group boosted their price target on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $47.00 price target on shares of Celsius in a report on Thursday, May 29th. Finally, Piper Sandler upped their target price on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Celsius currently has an average rating of "Moderate Buy" and a consensus target price of $47.24.

Celsius Company 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.

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