Schwarz Dygos Wheeler Investment Advisors LLC Purchases 21,020 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 107.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,626 shares of the company's stock after acquiring an additional 21,020 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC's holdings in Celsius were worth $1,447,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CELH. Proficio Capital Partners LLC bought a new position in Celsius during the fourth quarter worth about $406,000. American Assets Inc. bought a new position in Celsius during the fourth quarter worth about $1,054,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Celsius by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,699 shares of the company's stock worth $756,000 after acquiring an additional 633 shares during the period. Farther Finance Advisors LLC increased its position in Celsius by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock worth $66,000 after acquiring an additional 614 shares during the period. Finally, Avantax Advisory Services Inc. bought a new position in Celsius during the fourth quarter worth about $215,000. 60.95% of the stock is owned by institutional investors.

Celsius Stock Performance

Shares of CELH traded down $1.06 during mid-day trading on Wednesday, reaching $44.45. The company had a trading volume of 4,433,808 shares, compared to its average volume of 8,073,825. The company's 50 day simple moving average is $41.55 and its 200 day simple moving average is $33.91. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $52.39. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 138.91, a P/E/G ratio of 1.61 and a beta of 1.45.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The company had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The company's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Fieldly sold 130,803 shares of Celsius stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer directly owned 1,038,577 shares in the company, valued at $46,735,965. This trade represents a 11.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction that occurred 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 sale, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 562,974 shares of company stock worth $25,758,418. 2.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CELH. Stifel Nicolaus began coverage on shares of Celsius in a research report on Thursday, June 12th. They set a "buy" rating and a $47.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Roth Capital reaffirmed a "buy" rating and set a $52.00 price target (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. Truist Financial increased their price objective on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $45.94.

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.