Sullivan Wood Capital Management LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 59,295 shares of the company’s stock, valued at approximately $2,751,000. Celsius comprises about 5.7% of Sullivan Wood Capital Management LLC’s portfolio, making the stock its 3rd biggest position.
Other large investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in Celsius during the first quarter worth approximately $32,000. Summit Securities Group LLC bought a new position in shares of Celsius during the first quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock valued at $51,000 after buying an additional 844 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after buying an additional 666 shares during the last quarter. Finally, Peterson Wealth Services bought a new position in shares of Celsius during the first quarter valued at approximately $66,000. 60.95% of the stock is owned by institutional investors.
Celsius Stock Up 2.4%
Shares of NASDAQ CELH opened at $58.90 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 159.19, a PEG ratio of 1.29 and a beta of 1.38. The stock has a 50 day moving average price of $55.11 and a 200 day moving average price of $44.72. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50.
Wall Street Analysts Forecast Growth
CELH has been the topic of a number of analyst reports. Cowen reaffirmed a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Wall Street Zen cut Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Truist Financial upped their target price on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 8th. UBS Group upped their target price on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Finally, Stephens reaffirmed an “overweight” rating on shares of Celsius in a research note on Monday, August 11th. Nineteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.40.
Read Our Latest Analysis on CELH
Insider Activity at Celsius
In other Celsius news, CEO John Fieldly sold 143,167 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 100,000 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 560,667 shares of company stock valued at $27,240,162 over the last 90 days. Insiders own 2.55% of the company’s stock.
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.
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