Geode Capital Management LLC Sells 5,837 Shares of Celsius Holdings Inc. $CELH

Geode Capital Management LLC lowered its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,160,014 shares of the company’s stock after selling 5,837 shares during the quarter. Geode Capital Management LLC owned approximately 1.23% of Celsius worth $146,615,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Celsius by 40.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 15,232 shares of the company’s stock valued at $707,000 after buying an additional 4,403 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Celsius by 14.5% during the second quarter. SBI Securities Co. Ltd. now owns 5,738 shares of the company’s stock worth $266,000 after acquiring an additional 726 shares during the last quarter. Allworth Financial LP grew its stake in Celsius by 1,993.0% during the second quarter. Allworth Financial LP now owns 11,135 shares of the company’s stock valued at $517,000 after acquiring an additional 10,603 shares in the last quarter. ProShare Advisors LLC grew its stake in Celsius by 3.9% during the second quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock valued at $323,000 after acquiring an additional 261 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in Celsius in the 2nd quarter valued at $5,386,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Maxim Group raised their price target on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Morgan Stanley set a $70.00 price objective on Celsius in a research note on Tuesday, September 30th. Jefferies Financial Group set a $72.00 target price on Celsius and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, Stephens reissued an “overweight” rating on shares of Celsius in a report on Monday, August 11th. 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 stock. Based on data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

Insider Activity

In related news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the transaction, the insider directly owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hal Kravitz acquired 10,000 shares of Celsius stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the transaction, the director directly owned 216,147 shares in the company, valued at $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 52,500 shares of company stock worth $3,281,975. 2.55% of the stock is currently owned by insiders.

Celsius Trading Up 1.2%

Shares of CELH stock opened at $40.64 on Wednesday. The company has a market cap of $10.48 billion, a PE ratio of 109.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The stock’s 50 day simple moving average is $56.19 and its two-hundred day simple moving average is $49.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. The business’s quarterly revenue was up 172.9% on a year-over-year basis. Research analysts predict that Celsius Holdings Inc. will post 0.89 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.