South Dakota Investment Council Has $11.19 Million Position in Celsius Holdings Inc. $CELH

South Dakota Investment Council lessened its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 11.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 241,252 shares of the company’s stock after selling 32,447 shares during the quarter. South Dakota Investment Council’s holdings in Celsius were worth $11,192,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. TD Private Client Wealth LLC lifted its stake in Celsius by 8.8% in the 1st quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company’s stock worth $145,000 after acquiring an additional 328 shares in the last quarter. GAMMA Investing LLC grew its stake in Celsius by 19.7% during the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock valued at $73,000 after acquiring an additional 338 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Celsius by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 11,400 shares of the company’s stock valued at $406,000 after purchasing an additional 344 shares during the period. UMB Bank n.a. lifted its position in shares of Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock worth $82,000 after purchasing an additional 352 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Celsius by 1.1% in the first quarter. State of Michigan Retirement System now owns 37,700 shares of the company’s stock worth $1,343,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 0.2%

Celsius stock opened at $60.23 on Monday. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. The company’s fifty day moving average price is $59.23 and its two-hundred day moving average price is $48.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 162.78, a PEG ratio of 1.25 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CELH. Needham & Company LLC upped their price objective on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Stephens restated an “overweight” rating on shares of Celsius in a report on Monday, August 11th. Piper Sandler increased their price objective on Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. UBS Group lifted their price objective on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on Celsius from $68.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.45.

Insider Buying and Selling

In other news, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares of the company’s stock, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the sale, the insider directly owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 205,667 shares of company stock worth $11,165,162. 2.55% of the stock is currently owned by company insiders.

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.