Celsius Holdings Inc. $CELH Stock Sold by Sullivan Wood Capital Management LLC

Sullivan Wood Capital Management LLC trimmed its position in Celsius Holdings Inc. (NASDAQ:CELH) by 62.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,040 shares of the company’s stock after selling 45,880 shares during the period. Celsius makes up about 1.1% of Sullivan Wood Capital Management LLC’s portfolio, making the stock its 18th largest holding. Sullivan Wood Capital Management LLC’s holdings in Celsius were worth $767,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC acquired a new stake in shares of Celsius in the second quarter valued at $31,000. Summit Securities Group LLC acquired a new stake in Celsius during the first quarter valued at approximately $56,000. AlphaCentric Advisors LLC bought a new stake in Celsius during the first quarter worth approximately $69,000. Ancora Advisors LLC bought a new position in shares of Celsius in the second quarter valued at $64,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Celsius during the 1st quarter valued at $79,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Celsius from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a $42.00 target price on shares of Celsius in a report on Tuesday, October 6th. Zacks Research raised Celsius from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Maxim Group cut Celsius from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Celsius from a “sell” rating to a “hold” rating in a research report on Sunday, October 4th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.12.

Celsius Stock Down 1.6%

CELH stock traded down $0.45 during trading hours on Tuesday, hitting $27.94. The company’s stock had a trading volume of 1,578,605 shares, compared to its average volume of 7,883,890. The stock has a 50 day moving average price of $29.30 and a two-hundred day moving average price of $30.56. Celsius Holdings Inc. has a 12 month low of $23.56 and a 12 month high of $66.74. The company has a market capitalization of $7.07 billion, a PE ratio of 116.54, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%. The business had revenue of $817.93 million during the quarter, compared to the consensus estimate of $870.08 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Celsius Holdings Inc. will post 1.43 earnings per share for the current year.

Insider Activity at Celsius

In other news, CEO John Fieldly acquired 18,000 shares of Celsius stock in a transaction dated Thursday, September 10th. The stock was acquired at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the purchase, the chief executive officer owned 956,063 shares of the company’s stock, valued at $26,234,368.72. This represents a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hal Kravitz bought 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of $28.00 per share, for a total transaction of $336,000.00. Following the acquisition, the director directly owned 239,158 shares in the company, valued at approximately $6,696,424. This trade represents a 5.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 66,000 shares of company stock valued at $1,830,120. Corporate insiders own 2.33% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.