Raymond James Financial Inc. Sells 201,350 Shares of Celsius Holdings Inc. $CELH

Key Points

• Raymond James Financial Inc. reduced its holdings in Celsius Holdings Inc. by 8.7%, now owning approximately 0.82% of the company, worth about $75.5 million.
• Insider selling was notable, with major shareholder William H. Milmoe offloading 300,000 shares for over $14 million, leading to a 1.64% decrease in his ownership.
• Celsius Holdings posted a quarterly EPS of $0.47, exceeding analysts' expectations, with revenues up 83.9% year-over-year, highlighting strong growth performance.

Raymond James Financial Inc. trimmed its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,120,596 shares of the company's stock after selling 201,350 shares during the period. Raymond James Financial Inc. owned about 0.82% of Celsius worth $75,536,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CELH. American Assets Inc. acquired a new stake in Celsius during the 4th quarter worth about $1,054,000. Cerity Partners LLC lifted its position in Celsius by 6.5% in the 4th quarter. Cerity Partners LLC now owns 20,003 shares of the company's stock valued at $537,000 after acquiring an additional 1,226 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Celsius by 45.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 36,500 shares of the company's stock worth $961,000 after purchasing an additional 11,366 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Celsius in the 4th quarter worth approximately $265,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Celsius by 2,164.0% in the 4th quarter. NewEdge Advisors LLC now owns 10,007 shares of the company's stock worth $264,000 after buying an additional 9,565 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Down 2.0%

NASDAQ CELH traded down $1.2070 during trading on Monday, hitting $60.3130. 1,713,987 shares of the company's stock traded hands, compared to its average volume of 8,170,400. The stock has a fifty day moving average of $48.07 and a two-hundred day moving average of $38.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.00. The firm has a market cap of $15.56 billion, a P/E ratio of 162.90, a PEG ratio of 1.40 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company's revenue was up 83.9% on a year-over-year basis. As a group, sell-side analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

CELH has been the topic of several research analyst reports. Roth Capital reiterated a "buy" rating and issued a $52.00 price objective (up previously from $46.00) on shares of Celsius in a research note on Thursday, June 26th. Stephens restated an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Wall Street Zen lowered Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. B. Riley restated a "buy" rating and issued a $56.00 target price (up from $52.00) on shares of Celsius in a research note on Friday, August 8th. Finally, Bank of America upped their price target on shares of Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a research note on Friday, August 8th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.28.

Insider Activity

In other news, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the 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 owned 895,410 shares of the company's stock, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,116,141 shares of company stock worth $52,541,605. 2.55% of the stock is currently owned by corporate insiders.

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.