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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in shares of Celsius in the first quarter worth approximately $32,000. Summit Securities Group LLC bought a new position in Celsius in the first quarter worth approximately $34,000. Ameritas Advisory Services LLC bought a new position in Celsius in the second quarter worth approximately $75,000. UMB Bank n.a. grew its stake in Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock worth $82,000 after purchasing an additional 352 shares in the last quarter. Finally, Peterson Wealth Services bought a new position in Celsius in the first quarter worth approximately $66,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CELH shares. UBS Group increased their price objective on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. B. Riley increased their price objective on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Roth Capital reissued a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Finally, Citigroup reissued a “buy” rating on shares of Celsius in a research note on Sunday, August 31st. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.15.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 100,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the transaction, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This trade 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, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the transaction, the insider owned 37,550 shares of the company’s stock, valued at $2,287,921.50. This trade represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 605,667 shares of company stock worth $30,065,162 over the last three months. Corporate insiders own 2.55% of the company’s stock.

Celsius Stock Performance

Shares of CELH stock opened at $61.95 on Friday. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 167.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The business has a fifty day moving average of $59.14 and a 200 day moving average of $47.60. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.