Rockefeller Capital Management L.P. Sells 20,850 Shares of Celsius Holdings Inc. $CELH

Rockefeller Capital Management L.P. lessened its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,953 shares of the company’s stock after selling 20,850 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Celsius were worth $2,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CELH. Allworth Financial LP boosted its holdings in shares of Celsius by 1,993.0% in the second quarter. Allworth Financial LP now owns 11,135 shares of the company’s stock worth $517,000 after buying an additional 10,603 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Celsius by 9,579.6% during the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock valued at $38,451,000 after buying an additional 820,297 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Celsius in the second quarter worth approximately $297,000. Belpointe Asset Management LLC purchased a new position in shares of Celsius during the 2nd quarter worth $835,000. Finally, SWS Partners bought a new stake in shares of Celsius during the 2nd quarter valued at $1,719,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CELH has been the subject of several analyst reports. Roth Capital restated a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Needham & Company LLC upped their price target on Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Celsius in a research note on Monday, November 17th. Piper Sandler lifted their price objective on Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Celsius in a report on Thursday, November 6th. Twenty equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $62.95.

Insider Transactions at Celsius

In related news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This represents a 4.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the transaction, the insider owned 37,550 shares of the company’s stock, valued at $2,287,921.50. This represents a 16.65% decrease in their position. The SEC filing for this sale provides additional information. In 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 company insiders.

Celsius Trading Down 0.6%

Shares of CELH opened at $38.99 on Friday. The firm has a market cap of $10.05 billion, a P/E ratio of 105.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. 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 Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The company has a 50 day simple moving average of $55.14 and a two-hundred day simple moving average of $49.83.

Celsius (NASDAQ:CELH) last posted 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. The company had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm’s revenue was up 172.9% compared to the same quarter last year. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius Company 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.