Triumph Capital Management Reduces Holdings in Celsius Holdings Inc. $CELH

Key Points

• Triumph Capital Management significantly reduced its stake in Celsius Holdings Inc. by 69.1% during the 2nd quarter, retaining only 12,779 shares worth approximately $593,000.
• Several hedge funds, including Westside Investment Management and MassMutual Private Wealth, increased their stakes in Celsius, indicating continued interest from institutional investors who collectively own about 60.95% of the company's stock.
• Celsius reported earnings of $0.47 per share for the last quarter, surpassing expectations and reflecting a 83.9% year-over-year revenue increase, with projections for earnings per share of $0.89 for the current fiscal year.

Triumph Capital Management decreased its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 69.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,779 shares of the company's stock after selling 28,592 shares during the period. Triumph Capital Management's holdings in Celsius were worth $593,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after buying an additional 750 shares during the period. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after buying an additional 844 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after buying an additional 666 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Transactions 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 completion of the sale, the insider directly owned 17,717,770 shares of the company's stock, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction 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 completion of the sale, the insider directly owned 37,550 shares of the company's stock, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 991,470 shares of company stock valued at $47,307,297 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. B. Riley increased their price objective on shares of Celsius from $56.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Cowen reaffirmed a "buy" rating on shares of Celsius in a research report on Tuesday, September 2nd. Mizuho increased their price objective on shares of Celsius from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 2nd. The Goldman Sachs Group assumed coverage on shares of Celsius in a research report on Thursday, September 11th. They set a "buy" rating and a $72.00 price objective for the company. Finally, Roth Capital increased their price objective on shares of Celsius from $58.00 to $70.00 and gave the stock a "buy" rating in a research 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. According to MarketBeat, Celsius currently has an average rating of "Moderate Buy" and a consensus price target of $61.95.

Celsius Price Performance

Shares of CELH opened at $55.27 on Wednesday. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.50. The firm's fifty day simple moving average is $52.76 and its 200-day simple moving average is $42.52. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 149.38, a PEG ratio of 1.27 and a beta of 1.34. 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 (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $632.13 million. During the same period last year, the business earned $0.28 EPS. The company's revenue was up 83.9% on a year-over-year basis. Equities analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

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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