Gateway Investment Advisers LLC Lowers Position in Celsius Holdings Inc. $CELH

Key Points

• Gateway Investment Advisers LLC reduced its stake in Celsius Holdings Inc. by 27.3%, selling 32,420 shares during the second quarter, leaving them with 86,294 shares valued at approximately $4 million.
• Celsius Holdings recently reported quarterly earnings of $0.47 per share, significantly beating estimates of $0.23, and their revenue increased by 83.9% year-over-year to $739.3 million.
• Institutional investors own about 60.95% of Celsius stock, with numerous hedge funds increasing their holdings in the company during the previous quarter.

Gateway Investment Advisers LLC lessened its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 27.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 86,294 shares of the company's stock after selling 32,420 shares during the period. Gateway Investment Advisers LLC's holdings in Celsius were worth $4,003,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. American Assets Inc. purchased a new stake in Celsius in the 4th quarter valued at $1,054,000. Janus Henderson Group PLC lifted its stake in Celsius by 97.1% during the fourth quarter. Janus Henderson Group PLC now owns 108,284 shares of the company's stock worth $2,853,000 after purchasing an additional 53,344 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Celsius by 16.5% during the fourth quarter. Nuveen Asset Management LLC now owns 819,025 shares of the company's stock valued at $21,573,000 after purchasing an additional 116,216 shares in the last quarter. State of Wyoming increased its stake in Celsius by 40.9% in the 4th quarter. State of Wyoming now owns 7,075 shares of the company's stock worth $186,000 after purchasing an additional 2,053 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Celsius by 264.1% during the 4th quarter. Two Sigma Investments LP now owns 894,158 shares of the company's stock valued at $23,552,000 after buying an additional 648,582 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Down 0.8%

NASDAQ:CELH traded down $0.46 during mid-day trading on Friday, reaching $54.73. 6,075,380 shares of the company's stock traded hands, compared to its average volume of 5,166,233. The company has a 50 day moving average price of $53.36 and a 200-day moving average price of $43.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 147.92, a PEG ratio of 1.24 and a beta of 1.34. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. During the same period last year, the firm earned $0.28 EPS. Celsius's revenue for the quarter was up 83.9% compared to the same quarter last year. On average, sell-side analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CELH. JPMorgan Chase & Co. increased their target price on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Roth Capital boosted their price target on Celsius from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. Eighteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.95.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the transaction, the insider owned 17,717,770 shares of the company's stock, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the sale, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 991,470 shares of company stock worth $47,307,297. 2.55% of the stock is currently owned by company insiders.

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.