Amalgamated Bank cut its holdings in Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,329 shares of the company's stock after selling 1,105 shares during the period. Amalgamated Bank's holdings in Celsius were worth $1,177,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Candlestick Capital Management LP grew its holdings in shares of Celsius by 520.0% in the first quarter. Candlestick Capital Management LP now owns 930,000 shares of the company's stock valued at $51,317,000 after acquiring an additional 780,000 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Celsius by 6.4% in the first quarter. Teacher Retirement System of Texas now owns 6,921 shares of the company's stock valued at $382,000 after acquiring an additional 419 shares in the last quarter. Must Asset Management Inc. bought a new position in shares of Celsius in the first quarter valued at approximately $936,000. Bayesian Capital Management LP bought a new position in shares of Celsius in the fourth quarter valued at approximately $305,000. Finally, William Blair Investment Management LLC grew its holdings in shares of Celsius by 10.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,767,827 shares of the company's stock valued at $131,827,000 after acquiring an additional 173,585 shares in the last quarter. 55.30% of the stock is owned by institutional investors.
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Celsius Price Performance
NASDAQ:CELH opened at $92.77 on Thursday. The company has a market cap of $7.02 billion, a P/E ratio of 237.87 and a beta of 1.91. The stock's fifty day moving average price is $98.67 and its two-hundred day moving average price is $73.44. Celsius Holdings, Inc. has a 1 year low of $38.31 and a 1 year high of $118.19.
Celsius (NASDAQ:CELH – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $154.02 million for the quarter, compared to the consensus estimate of $148.74 million. Celsius had a return on equity of 13.83% and a net
margin of 6.27%. The business's quarterly revenue was up 136.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, analysts expect that Celsius Holdings, Inc. will post 0.44 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Celsius news, CEO John Fieldly sold 70,000 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $115.55, for a total transaction of $8,088,500.00. Following the sale, the chief executive officer now owns 311,619 shares in the company, valued at $36,007,575.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Hal Kravitz sold 5,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $100.00, for a total value of $500,000.00. Following the sale, the director now owns 26,797 shares in the company, valued at $2,679,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly sold 70,000 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $115.55, for a total value of $8,088,500.00. Following the completion of the sale, the chief executive officer now owns 311,619 shares in the company, valued at approximately $36,007,575.45. The disclosure for this sale can be found here. Insiders have sold a total of 278,500 shares of company stock worth $26,796,940 over the last 90 days. Corporate insiders own 2.70% of the company's stock.
Analyst Ratings Changes
CELH has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on Celsius from $93.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, August 2nd. UBS Group increased their price objective on Celsius from $74.00 to $123.00 and gave the company a "buy" rating in a report on Thursday, August 11th. Finally, B. Riley increased their price objective on Celsius from $100.00 to $112.00 in a report on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.
Celsius Profile
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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
Further Reading
- Get a free copy of the StockNews.com research report on Celsius (CELH)
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