CWA Asset Management Group LLC Has $4.89 Million Stock Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

CWA Asset Management Group LLC trimmed its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,201 shares of the company's stock after selling 16,626 shares during the quarter. CWA Asset Management Group LLC owned 0.05% of Celsius worth $4,887,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares during the last quarter. UMB Bank n.a. grew its holdings in Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after acquiring an additional 844 shares during the last quarter. Fifth Third Bancorp grew 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, Knuff & Co LLC bought a new stake in Celsius during the 4th quarter worth approximately $50,000. 60.95% of the stock is owned by institutional investors.

Celsius Trading Down 1.6%

NASDAQ CELH traded down $0.70 on Friday, hitting $43.37. 5,759,921 shares of the company were exchanged, compared to its average volume of 8,102,214. The company has a market cap of $11.18 billion, a PE ratio of 135.54, a PEG ratio of 1.56 and a beta of 1.43. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $62.30. The stock has a fifty day moving average of $38.19 and a 200-day moving average of $31.85.

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

Insiders Place Their Bets

In other Celsius 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 transaction of $5,691,283.26. Following the transaction, the chief executive officer now owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. Wells Fargo & Company upped their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group upped their price objective on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Truist Financial upped their price objective on shares of Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and upped their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.24.

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.