Gateway Investment Advisers LLC Sells 32,420 Shares of Celsius Holdings Inc. $CELH

by · The Cerbat Gem

Gateway Investment Advisers LLC cut its stake in Celsius Holdings Inc. (NASDAQ:CELH – Free Report) by 27.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,294 shares of the company’s stock after selling 32,420 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Celsius were worth $4,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CELH. Alliancebernstein L.P. grew its position in shares of Celsius by 26.3% in the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the period. AQR Capital Management LLC acquired a new position in shares of Celsius in the 1st quarter valued at approximately $39,412,000. Lord Abbett & CO. LLC acquired a new position in shares of Celsius in the 1st quarter valued at approximately $36,511,000. Broad Bay Capital Management LP acquired a new position in shares of Celsius in the 1st quarter valued at approximately $24,374,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Celsius by 163.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,103 shares of the company’s stock valued at $38,936,000 after purchasing an additional 678,126 shares during the period. 60.95% of the stock is owned by institutional investors.

Celsius Stock Up 1.9%

CELH opened at $56.34 on Thursday. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50. The stock’s fifty day simple moving average is $52.97 and its 200 day simple moving average is $42.62. 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 stock has a market cap of $14.53 billion, a PE ratio of 152.27, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stephens reiterated an “overweight” rating on shares of Celsius in a research report on Monday, August 11th. Stifel Nicolaus boosted their price objective on Celsius from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Bank of America upped their price target on Celsius from $35.00 to $40.00 and gave the stock an “underperform” rating in a research report on Friday, August 8th. Finally, UBS Group upped their price target on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.95.

View Our Latest Analysis on Celsius

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 143,167 shares of the 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 transaction, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul H. Storey sold 7,500 shares of the stock in a transaction on Wednesday, September 3rd. The stock was 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 in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 991,470 shares of company stock worth $47,307,297 in the last quarter. Company insiders own 2.55% of the company’s stock.

Celsius Company Profile

(Free Report)

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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