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

Korea Investment CORP reduced its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 25.9% during the 1st quarter, HoldingsChannel reports. The fund owned 168,661 shares of the company’s stock after selling 58,963 shares during the period. Korea Investment CORP’s holdings in Celsius were worth $6,008,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. purchased a new position in shares of Celsius during the 1st quarter worth about $32,000. Summit Securities Group LLC purchased a new position in shares of Celsius during the 1st quarter worth about $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after buying an additional 750 shares during the period. UMB Bank n.a. raised its holdings in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock valued at $51,000 after buying an additional 844 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after buying an additional 666 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer owned 104,227 shares of the company’s stock, valued at approximately $6,253,620. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,116,141 shares of company stock worth $52,541,605. Company insiders own 2.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CELH shares. Wall Street Zen lowered shares of Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Needham & Company LLC raised their price target on shares of Celsius from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Bank of America raised 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. Finally, Stifel Nicolaus lifted their price objective on shares of Celsius from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.28.

Celsius Stock Down 0.9%

CELH stock opened at $61.52 on Friday. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.00. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15.87 billion, a P/E ratio of 166.27, a PEG ratio of 1.42 and a beta of 1.40. The firm has a 50 day simple moving average of $48.07 and a 200-day simple moving average of $38.38.

Celsius (NASDAQ:CELH) last posted its earnings results 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 company 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 firm’s quarterly revenue was up 83.9% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. On average, equities research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal 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.