Sunbelt Securities Inc. Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Sunbelt Securities Inc. increased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 41.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,357 shares of the company’s stock after buying an additional 983 shares during the quarter. Sunbelt Securities Inc.’s holdings in Celsius were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in shares of Celsius by 123.5% during the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after buying an additional 324,049 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Celsius during the 2nd quarter valued at approximately $20,024,000. LRI Investments LLC acquired a new stake in Celsius during the 1st quarter worth approximately $134,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius in the 1st quarter valued at approximately $563,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Celsius in the first quarter valued at approximately $509,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. BNP Paribas initiated coverage on shares of Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price target for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a report on Tuesday, August 20th. Truist Financial cut their target price on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Finally, Roth Mkm decreased their price target on Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Celsius Stock Performance

CELH stock opened at $30.45 on Thursday. The stock’s 50 day moving average price is $37.47 and its 200 day moving average price is $60.47. The firm has a market cap of $7.10 billion, a P/E ratio of 33.46, a PEG ratio of 2.45 and a beta of 1.85. Celsius Holdings, Inc. has a 1 year low of $30.33 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS. On average, research analysts predict that Celsius Holdings, Inc. will post 0.82 earnings per share for the current year.

About Celsius

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.