Sovran Advisors LLC Sells 34,945 Shares of Celsius Holdings Inc. $CELH

Key Points

• Sovran Advisors LLC sold 34,945 shares of Celsius Holdings Inc., reducing its holdings by 33.8% to 68,460 shares, valued at approximately $3.12 million.
• Celsius Holdings reported a significant quarterly earnings increase with an EPS of $0.47, beating the consensus estimate of $0.23, and revenue grew by 83.9% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Celsius Holdings, with price targets ranging from $54 to $72 from different firms.

Sovran Advisors LLC trimmed its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 33.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,460 shares of the company's stock after selling 34,945 shares during the quarter. Sovran Advisors LLC's holdings in Celsius were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in shares of Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after acquiring an additional 3,753,055 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Celsius during the 1st quarter valued at approximately $39,412,000. Lord Abbett & CO. LLC acquired a new position in shares of Celsius during the 1st quarter worth approximately $36,511,000. Broad Bay Capital Management LP purchased a new stake in shares of Celsius during the 1st quarter valued at $24,374,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Celsius by 163.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,103 shares of the company's stock worth $38,936,000 after purchasing an additional 678,126 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CELH. Citigroup reiterated a "buy" rating on shares of Celsius in a report on Sunday, August 31st. Stifel Nicolaus increased their price objective on shares of Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Wall Street Zen lowered shares of Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Wells Fargo & Company boosted their price target on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, B. Riley increased their target price on shares of Celsius from $56.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and a consensus target price of $61.95.

Insider Activity at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction 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 sale, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares of the company's stock, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 991,470 shares of company stock worth $47,307,297. 2.55% of the stock is owned by company insiders.

Celsius Stock Down 0.8%

Shares of CELH traded down $0.46 during midday trading on Friday, reaching $54.73. 6,075,380 shares of the company were exchanged, compared to its average volume of 5,166,233. 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 1-year low of $21.10 and a 1-year high of $63.50. The stock has a 50-day moving average price of $53.36 and a 200-day moving average price of $43.14. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 147.92, a P/E/G ratio of 1.24 and a beta of 1.34.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (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 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 company posted $0.28 EPS. The business's revenue for the quarter was up 83.9% compared to the same quarter last year. Research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.