Janney Montgomery Scott LLC Sells 5,717 Shares of Celsius Holdings Inc. $CELH

Key Points

• Janney Montgomery Scott LLC reduced its stake in Celsius Holdings Inc. by 14.2%, selling 5,717 shares to hold a total of 34,572 shares, valued at $1,604,000.
• Insider Paul H. Storey sold 7,500 shares of Celsius, while major shareholder Deborah Desantis sold 100,000 shares, contributing to a total of 560,667 shares sold by insiders in the last 90 days.
• Celsius Holdings reported an earnings per share (EPS) of $0.47, exceeding analysts' estimates, with revenue of $739.30 million, marking an 83.9% increase year-over-year.

Janney Montgomery Scott LLC lessened its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 14.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,572 shares of the company's stock after selling 5,717 shares during the quarter. Janney Montgomery Scott LLC's holdings in Celsius were worth $1,604,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in shares of Celsius during the first quarter worth approximately $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the first quarter worth approximately $34,000. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% during the first 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. Fifth Third Bancorp boosted its stake in Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after acquiring an additional 666 shares during the last quarter. Finally, Peterson Wealth Services bought a new position in Celsius in the first quarter valued at approximately $66,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Buying and Selling at Celsius

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider directly owned 37,550 shares of the company's stock, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,667 shares of company stock worth $27,240,162 over the last 90 days. 2.55% of the stock is owned by corporate insiders.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $60.70 on Friday. The firm has a 50 day moving average of $56.89 and a 200-day moving average of $45.97. The stock has a market capitalization of $15.66 billion, a PE ratio of 164.05, a PEG ratio of 1.26 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $64.81.

Celsius (NASDAQ:CELH - Get Free Report) last issued 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. The company had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business's revenue for the quarter was up 83.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. On average, equities research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

CELH has been the topic of several analyst reports. Stephens reiterated an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Citigroup restated a "buy" rating on shares of Celsius in a report on Sunday, August 31st. The Goldman Sachs Group initiated coverage on shares of Celsius in a research note on Thursday, September 11th. They issued a "buy" rating and a $72.00 price target on the stock. UBS Group lifted their price target on shares of Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen downgraded shares of Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.15.

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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