Intech Investment Management LLC Sells 8,012 Shares of Celsius Holdings Inc. $CELH

Intech Investment Management LLC lowered its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 24.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,704 shares of the company’s stock after selling 8,012 shares during the period. Intech Investment Management LLC’s holdings in Celsius were worth $1,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CELH. Summit Securities Group LLC bought a new position in shares of Celsius in the 1st quarter valued at $34,000. Hantz Financial Services Inc. increased its holdings in Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after purchasing an additional 738 shares in the last quarter. Huntington National Bank raised its position in Celsius by 939.8% in the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock valued at $55,000 after purchasing an additional 1,062 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Celsius in the second quarter valued at about $75,000. Finally, Quarry LP boosted its stake in shares of Celsius by 288.0% during the first quarter. Quarry LP now owns 2,258 shares of the company’s stock valued at $80,000 after purchasing an additional 1,676 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $37.92 on Tuesday. 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 firm’s fifty day simple moving average is $54.78 and its two-hundred day simple moving average is $49.94. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74. The stock has a market capitalization of $9.78 billion, a P/E ratio of 102.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. The firm’s revenue for the quarter was up 172.9% on a year-over-year basis. As a group, analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CELH. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Needham & Company LLC lifted their price target on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Zacks Research cut shares of Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Maxim Group increased their price objective on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.95.

Insiders Place Their Bets

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 37,550 shares of the company’s stock, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 221,245 shares in the company, valued at $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,500 shares of company stock valued at $3,281,975. Company insiders own 2.55% of the company’s stock.

Celsius Company 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.