SG Americas Securities LLC Sells 5,458 Shares of Celsius Holdings Inc. $CELH

SG Americas Securities LLC trimmed its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 15.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,895 shares of the company’s stock after selling 5,458 shares during the period. SG Americas Securities LLC’s holdings in Celsius were worth $1,340,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CELH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Celsius by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,395 shares of the company’s stock valued at $1,874,000 after acquiring an additional 2,753 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Celsius by 39.3% in the second quarter. Foundations Investment Advisors LLC now owns 17,177 shares of the company’s stock worth $797,000 after acquiring an additional 4,846 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Celsius by 42.0% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,496 shares of the company’s stock worth $682,000 after buying an additional 4,288 shares during the period. Calamos Advisors LLC purchased a new stake in Celsius during the second quarter worth $3,368,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Celsius by 40.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,232 shares of the company’s stock valued at $707,000 after acquiring an additional 4,403 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

CELH stock opened at $38.99 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. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The stock’s 50 day moving average price is $55.14 and its 200 day moving average price is $49.73. The firm has a market cap of $10.05 billion, a P/E ratio of 105.38, a PEG ratio of 1.25 and a beta of 1.34.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The company had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company’s quarterly revenue was up 172.9% on a year-over-year basis. On average, sell-side analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction that occurred on 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 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. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hal Kravitz bought 10,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $45.24 per share, with a total value of $452,400.00. Following the acquisition, the director directly owned 216,147 shares in the company, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 52,500 shares of company stock worth $3,281,975. 2.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on CELH. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group began coverage on Celsius in a research report on Thursday, September 11th. They issued a “buy” rating and a $72.00 price objective for the company. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, Zacks Research cut shares of Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Twenty investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.95.

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.