Mutual of America Capital Management LLC Trims Stock Position in Celsius Holdings Inc. $CELH

Mutual of America Capital Management LLC lowered its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 3.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 78,187 shares of the company’s stock after selling 2,860 shares during the period. Mutual of America Capital Management LLC’s holdings in Celsius were worth $3,627,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CELH. Westside Investment Management Inc. purchased a new position in shares of Celsius during the 1st quarter valued at about $32,000. Summit Securities Group LLC purchased a new position in shares of Celsius during the 1st quarter valued at about $34,000. Peterson Wealth Services purchased a new position in shares of Celsius during the 1st quarter valued at about $66,000. Golden State Wealth Management LLC raised its stake in shares of Celsius by 124.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock valued at $71,000 after buying an additional 1,106 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of 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 buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Maxim Group raised their target price on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Morgan Stanley set a $70.00 target price on Celsius in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their target price on Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Roth Capital restated a “buy” rating on shares of Celsius in a research report on Thursday, October 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Celsius in a research report on Tuesday, October 14th. Nineteen 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.15.

Celsius Trading Up 0.6%

Shares of Celsius stock opened at $61.95 on Friday. The stock has a market cap of $15.98 billion, a P/E ratio of 167.43, a P/E/G ratio of 1.25 and a beta of 1.38. The stock’s 50 day simple moving average is $59.14 and its 200-day simple moving average is $47.60. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

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

Insider Buying and Selling at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider directly owned 37,550 shares in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 605,667 shares of company stock worth $30,065,162. 2.55% of the stock is owned by company insiders.

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.