Celsius Holdings Inc. $CELH Position Trimmed by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 99.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,352 shares of the company’s stock after selling 1,082,751 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Celsius were worth $480,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. ProShare Advisors LLC raised its stake in Celsius by 3.9% during the second quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock worth $323,000 after acquiring an additional 261 shares during the period. Quadrant Capital Group LLC increased its position in Celsius by 1.6% in the second quarter. Quadrant Capital Group LLC now owns 18,221 shares of the company’s stock worth $845,000 after buying an additional 279 shares during the period. Hancock Whitney Corp increased its position in Celsius by 3.1% in the first quarter. Hancock Whitney Corp now owns 11,400 shares of the company’s stock worth $406,000 after buying an additional 344 shares during the period. UMB Bank n.a. lifted its stake in Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock valued at $82,000 after buying an additional 352 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Celsius by 11.3% in the second quarter. Coldstream Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $218,000 after buying an additional 479 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Up 5.3%

Celsius stock opened at $44.30 on Tuesday. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $66.74. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 443.00, a PEG ratio of 0.78 and a beta of 1.02. The company’s 50-day moving average price is $52.35 and its two-hundred day moving average price is $50.23. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The business had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. Celsius’s revenue for the quarter was up 172.9% compared to the same quarter last year. On average, analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, Director Hal Kravitz acquired 10,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the acquisition, the director directly owned 216,147 shares in the company, valued at $9,778,490.28. This represents a 4.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at $6,449,755. This represents a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Celsius in a report on Monday, December 1st. Cowen reissued a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Stifel Nicolaus dropped their price target on shares of Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Stephens reaffirmed an “overweight” rating on shares of Celsius in a report on Monday, August 11th. Finally, Zacks Research downgraded Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Twenty analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $62.95.

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.