Korea Investment CORP Cuts Position in Celsius Holdings Inc. $CELH

Korea Investment CORP lessened its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,661 shares of the company’s stock after selling 58,963 shares during the quarter. Korea Investment CORP owned 0.07% of Celsius worth $6,008,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Watts Gwilliam & Co. LLC increased its holdings in shares of Celsius by 6.9% in the 1st quarter. Watts Gwilliam & Co. LLC now owns 15,881 shares of the company’s stock valued at $566,000 after purchasing an additional 1,019 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Celsius by 4.7% in the 1st quarter. Northern Trust Corp now owns 1,411,449 shares of the company’s stock valued at $50,276,000 after purchasing an additional 63,787 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Celsius by 845.2% in the 1st quarter. Brooklyn Investment Group now owns 2,363 shares of the company’s stock valued at $84,000 after purchasing an additional 2,113 shares in the last quarter. TriaGen Wealth Management LLC purchased a new position in shares of Celsius in the 1st quarter valued at about $506,000. Finally, Summit Securities Group LLC purchased a new position in shares of Celsius in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CELH shares. Bank of America increased their price target on shares of Celsius from $35.00 to $40.00 and gave the company an “underperform” rating in a report on Friday, August 8th. B. Riley reissued a “buy” rating and issued a $56.00 price objective (up from $52.00) on shares of Celsius in a research note on Friday, August 8th. TD Cowen raised shares of Celsius from a “hold” rating to a “buy” rating and increased their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. Wall Street Zen cut shares of Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Morgan Stanley increased their price objective on shares of Celsius from $42.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.28.

Insider Activity

In other news, major shareholder William H. Milmoe sold 100,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,116,141 shares of company stock valued at $52,541,605 over the last quarter. 2.55% of the stock is currently owned by company insiders.

Celsius Price Performance

Celsius stock opened at $61.52 on Friday. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.00. The stock has a market capitalization of $15.87 billion, a P/E ratio of 166.27, a P/E/G ratio of 1.42 and a beta of 1.40. The firm’s 50-day moving average is $48.07 and its two-hundred day moving average is $38.38. 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 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. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. During the same period last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 83.9% compared to the same quarter last year. Equities analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Celsius 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.