Wellington Management Group LLP Sells 11,048 Shares of Celsius Holdings Inc. $CELH

Key Points

• Wellington Management Group LLP slightly reduced its stake in Celsius Holdings by 0.7%, now holding approximately 1.5 million shares valued at $54.34 million.
• Various institutional investors, including Triumph Capital Management and GAMMA Investing, have significantly increased their stakes in Celsius, indicating strong interest in the company.
• Analysts have raised their price targets on Celsius, with a consensus average price target of $52.28, reflecting a broadly optimistic outlook on the company's stock performance.

Wellington Management Group LLP trimmed its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,525,445 shares of the company's stock after selling 11,048 shares during the period. Wellington Management Group LLP owned about 0.59% of Celsius worth $54,336,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Celsius during the 1st quarter valued at about $32,000. Summit Securities Group LLC bought a new position in shares of Celsius in the 1st quarter worth about $34,000. MassMutual Private Wealth & Trust FSB increased 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 worth $37,000 after acquiring an additional 750 shares in the last quarter. UMB Bank n.a. increased 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 worth $51,000 after acquiring an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp increased 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 worth $61,000 after acquiring an additional 666 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

Shares of Celsius stock traded down $0.01 on Thursday, hitting $59.75. 1,886,241 shares of the company's stock were exchanged, compared to its average volume of 8,111,464. The company has a 50-day simple moving average of $49.03 and a 200-day simple moving average of $39.15. The stock has a market capitalization of $15.41 billion, a PE ratio of 161.49, a PEG ratio of 1.36 and a beta of 1.40. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $63.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11.

Celsius (NASDAQ:CELH - Get Free Report) last released 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 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 quarter in the previous year, the company posted $0.28 earnings per share. Celsius's revenue for the quarter was up 83.9% on a year-over-year basis. As a group, equities analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CELH. UBS Group increased their price target on shares of Celsius from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their price target on shares of Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. B. Riley reiterated a "buy" rating and issued a $56.00 price target (up from $52.00) on shares of Celsius in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Stephens reiterated an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.28.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 100,000 shares of the business's stock in a transaction dated 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 completion of the sale, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief financial officer directly owned 104,227 shares of the company's stock, valued at $6,253,620. This represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,116,141 shares of company stock worth $52,541,605. Company insiders own 2.55% of the company's stock.

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.