SOA Wealth Advisors LLC. Reduces Holdings in Celsius Holdings Inc. $CELH

SOA Wealth Advisors LLC. cut its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 6.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,738 shares of the company’s stock after selling 262 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Celsius were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in shares of Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after purchasing an additional 820,297 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after purchasing an additional 666 shares during the last quarter. Polianta Ltd bought a new position in shares of Celsius in the second quarter worth approximately $1,428,000. SWS Partners bought a new position in shares of Celsius in the second quarter worth approximately $1,719,000. Finally, GAMMA Investing LLC grew its holdings in shares of Celsius by 4,164.4% in the first quarter. GAMMA Investing LLC now owns 73,092 shares of the company’s stock worth $2,604,000 after purchasing an additional 71,378 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH stock opened at $58.90 on Friday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.50. The stock has a market cap of $15.19 billion, a PE ratio of 159.19, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $55.11 and its 200-day moving average price is $44.72.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up 83.9% on a year-over-year basis. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CELH has been the topic of several recent analyst reports. Bank of America raised their target price on shares of Celsius from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Friday, August 8th. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. Roth Capital reiterated a “buy” rating on shares of Celsius in a report on Thursday. Morgan Stanley set a $70.00 price target on shares of Celsius in a report on Tuesday. Finally, TD Cowen upgraded shares of Celsius from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. Nineteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.40.

Insider Transactions at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer owned 104,227 shares of the company’s stock, valued at $6,253,620. The trade was a 4.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated 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 completion of the transaction, the insider directly 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 worth $27,240,162 over the last quarter. Corporate insiders own 2.55% of the company’s stock.

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.