DAVENPORT & Co LLC reduced its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 62.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,249 shares of the company's stock after selling 18,932 shares during the quarter. DAVENPORT & Co LLC's holdings in Celsius were worth $401,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in CELH. HM Payson & Co. lifted its holdings in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after purchasing an additional 550 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Celsius during the 1st quarter valued at $32,000. MassMutual Private Wealth & Trust FSB lifted 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 valued at $37,000 after purchasing an additional 750 shares during the last quarter. Knuff & Co LLC acquired a new stake in Celsius during the 4th quarter valued at $50,000. Finally, UMB Bank n.a. lifted 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 valued at $51,000 after purchasing an additional 844 shares during the last quarter. 60.95% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Celsius from a "hold" rating to a "sell" rating in a report on Saturday. Needham & Company LLC reiterated a "buy" rating and issued a $47.00 price objective on shares of Celsius in a research note on Thursday, May 29th. Piper Sandler increased their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $52.00 price objective (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.18.
View Our Latest Stock Report on Celsius
Insider Buying and Selling at Celsius
In other news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated 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 transaction, the insider owned 18,017,770 shares of the company's stock, valued at $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 is available through this link. Also, CEO John Fieldly sold 130,803 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total value of $5,886,135.00. Following the sale, the chief executive officer owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. This represents a 11.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 562,974 shares of company stock worth $25,758,418. 2.55% of the stock is currently owned by insiders.
Celsius Trading Up 1.1%
CELH traded up $0.51 during trading on Wednesday, reaching $46.10. 3,490,181 shares of the company's stock were exchanged, compared to its average volume of 8,119,229. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $60.70. The firm has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $33.20. The stock has a market capitalization of $11.88 billion, a PE ratio of 144.07, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45.
Celsius (NASDAQ:CELH - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $349.09 million. During the same period in the prior year, the firm earned $0.27 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. Sell-side analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.
About Celsius
(
Free Report)
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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