Amalgamated Bank Sells 916 Shares of Celsius Holdings Inc. $CELH

Amalgamated Bank lessened its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 76,056 shares of the company’s stock after selling 916 shares during the period. Amalgamated Bank’s holdings in Celsius were worth $3,528,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CELH. Alliancebernstein L.P. lifted its holdings in shares of Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after acquiring an additional 3,753,055 shares during the period. Invesco Ltd. increased its position in shares of Celsius by 1.8% during the 1st quarter. Invesco Ltd. now owns 2,394,811 shares of the company’s stock worth $85,303,000 after purchasing an additional 42,997 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Celsius by 6.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company’s stock valued at $72,789,000 after purchasing an additional 116,273 shares during the last quarter. MIG Capital LLC boosted its position in Celsius by 42.7% in the first quarter. MIG Capital LLC now owns 1,575,939 shares of the company’s stock valued at $56,135,000 after buying an additional 471,287 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Celsius by 4.7% during the first quarter. Northern Trust Corp now owns 1,411,449 shares of the company’s stock worth $50,276,000 after buying an additional 63,787 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Needham & Company LLC lifted their target price on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Celsius in a research report on Tuesday, October 14th. Cowen restated a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Citigroup restated a “buy” rating on shares of Celsius in a research note on Sunday, August 31st. Finally, Stifel Nicolaus upped their price target on shares of Celsius from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $64.45.

Celsius Stock Performance

Celsius stock opened at $59.25 on Tuesday. The company has a market cap of $15.28 billion, a PE ratio of 160.14, a PEG ratio of 1.25 and a beta of 1.38. 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 1 year low of $21.10 and a 1 year high of $66.74. The company’s 50-day moving average is $59.21 and its two-hundred day moving average is $49.06.

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

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John Fieldly sold 143,167 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 205,667 shares of company stock valued at $11,165,162 in the last three months. 2.55% of the stock is currently owned by company insiders.

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.