Sumitomo Mitsui DS Asset Management Company Ltd Reduces Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 46.1% in the 3rd quarter, Holdings Channel reports. The firm owned 11,741 shares of the company’s stock after selling 10,038 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Celsius were worth $368,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the first quarter valued at approximately $25,000. S.A. Mason LLC acquired a new position in shares of Celsius in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius during the 3rd quarter worth $34,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 1.4 %

CELH stock opened at $32.02 on Wednesday. Celsius Holdings, Inc. has a 52 week low of $28.20 and a 52 week high of $99.62. The company has a market cap of $7.46 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.29 and a beta of 1.84. The company’s 50-day moving average price is $34.48 and its 200 day moving average price is $55.02.

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

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Roth Mkm decreased their target price on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. TD Cowen dropped their target price on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. UBS Group decreased their price target on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Bank of America dropped their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

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.