Intech Investment Management LLC Has $1.15 Million Stock Position in Celsius Holdings Inc. $CELH

Intech Investment Management LLC lessened its position in Celsius Holdings Inc. (NASDAQ:CELH) by 24.5% in the second quarter, HoldingsChannel reports. The fund owned 24,704 shares of the company’s stock after selling 8,012 shares during the quarter. Intech Investment Management LLC’s holdings in Celsius were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd bought a new position in shares of Celsius in the 1st quarter worth $1,275,000. Private Advisor Group LLC acquired a new position in Celsius during the first quarter worth $290,000. Allianz Asset Management GmbH lifted its stake in shares of Celsius by 87.7% in the first quarter. Allianz Asset Management GmbH now owns 157,860 shares of the company’s stock valued at $5,623,000 after buying an additional 73,759 shares in the last quarter. Choreo LLC grew its holdings in shares of Celsius by 4.5% during the first quarter. Choreo LLC now owns 16,261 shares of the company’s stock valued at $579,000 after buying an additional 695 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Celsius during the first quarter valued at about $500,000. Institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the sale, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief financial officer directly owned 99,227 shares in the company, valued at approximately $6,449,755. This represents a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,500 shares of company stock worth $3,281,975 in the last ninety days. Corporate insiders own 2.55% of the company’s stock.

Celsius Stock Performance

Shares of Celsius stock opened at $37.92 on Tuesday. The business’s fifty day simple moving average is $54.78 and its 200 day simple moving average is $49.94. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74. The firm has a market capitalization of $9.78 billion, a P/E ratio of 102.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $725.11 million during 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 firm’s quarterly revenue was up 172.9% on a year-over-year basis. As a group, analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CELH shares. Truist Financial upped their target price on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Stifel Nicolaus lowered their price objective on Celsius from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Stephens restated an “overweight” rating on shares of Celsius in a report on Monday, August 11th. JPMorgan Chase & Co. cut their target price on Celsius from $76.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Zacks Research downgraded Celsius from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Twenty analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target 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.