Celsius Holdings Inc. $CELH Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has significantly reduced its holdings in Celsius Holdings Inc. by 76.4%, now owning 23,922 shares worth approximately $852,000 after selling over 77,000 shares in the first quarter.
• Notable insider activity includes major shareholder Deborah Desantis selling 100,000 shares for about $4.75 million, and another shareholder, William H. Milmoe, selling 300,000 shares for around $14.18 million.
• Despite a volatile stock performance, Celsius has seen increased analyst interest, with several firms raising their target prices and maintaining a consensus rating of "Moderate Buy."

HighTower Advisors LLC lowered its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 76.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,922 shares of the company's stock after selling 77,418 shares during the quarter. HighTower Advisors LLC's holdings in Celsius were worth $852,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in shares of Celsius in the first quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB grew its stake 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 in the last quarter. UMB Bank n.a. grew its stake 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 in the last quarter. Fifth Third Bancorp grew its stake in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares in the last quarter. Finally, Peterson Wealth Services acquired a new stake in Celsius during the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Performance

CELH traded up $3.19 during trading hours on Monday, hitting $62.88. The company's stock had a trading volume of 10,289,896 shares, compared to its average volume of 8,048,595. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $63.50. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $16.22 billion, a PE ratio of 169.95, a PEG ratio of 1.43 and a beta of 1.33. The company has a 50-day simple moving average of $49.73 and a 200 day simple moving average of $39.95.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm 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. The firm's revenue was up 83.9% compared to the same quarter last year. As a group, sell-side analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

CELH has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a research note on Friday, August 8th. Citigroup restated a "buy" rating on shares of Celsius in a research note on Sunday. Truist Financial raised their price objective on Celsius from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, August 11th. UBS Group raised their price objective on Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen lowered Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Fifteen 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $53.61.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction on Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,116,141 shares of company stock valued at $52,541,605 in the last quarter. Company insiders own 2.20% of the company's stock.

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.