Xcel Wealth Management LLC Trims Stake in Celsius Holdings Inc. (NASDAQ:CELH)

Xcel Wealth Management LLC decreased its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 50.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,828 shares of the company's stock after selling 24,110 shares during the quarter. Xcel Wealth Management LLC's holdings in Celsius were worth $849,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Celsius in the 1st quarter worth about $32,000. HM Payson & Co. raised its position in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after buying an additional 550 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in 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 buying an additional 750 shares during the last quarter. UMB Bank n.a. raised its position in 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 buying an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in 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 buying an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insiders Place Their Bets

In related news, CEO John Fieldly sold 130,803 shares of the company's stock in a transaction 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 owned 1,038,577 shares of the company's stock, valued at $46,735,965. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the sale, the insider directly owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. The trade was a 1.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,974 shares of company stock worth $25,758,418. 2.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CELH shares. Wells Fargo & Company boosted their target price on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Roth Capital restated a "buy" rating and set a $52.00 price target (up from $46.00) on shares of Celsius in a research note on Thursday, June 26th. Stifel Nicolaus started coverage on Celsius in a research note on Thursday, June 12th. They set a "buy" rating and a $47.00 price target for the company. Truist Financial boosted their price target on Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. boosted their price target on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $45.18.

Celsius Stock Up 0.1%

NASDAQ CELH traded up $0.06 during trading hours on Thursday, reaching $46.43. The company's stock had a trading volume of 2,433,913 shares, compared to its average volume of 8,138,702. The firm's 50-day moving average price is $39.53 and its 200-day moving average price is $32.68. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $60.70. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 77.28, a PEG ratio of 1.64 and a beta of 1.45.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities research analysts anticipate 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.