Clear Creek Financial Management LLC Reduces Stake in Celsius Holdings Inc. $CELH

Clear Creek Financial Management LLC lowered its position in Celsius Holdings Inc. (NASDAQ:CELH) by 22.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,125 shares of the company’s stock after selling 1,750 shares during the period. Clear Creek Financial Management LLC’s holdings in Celsius were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in shares of Celsius during the 1st quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new position in shares of Celsius during the 1st quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in shares of Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock valued at $51,000 after purchasing an additional 844 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after purchasing an additional 666 shares in the last quarter. Finally, Peterson Wealth Services purchased a new position in shares of Celsius during the 1st quarter valued at approximately $66,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the 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 directly owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer directly owned 104,227 shares of the company’s stock, valued at approximately $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,667 shares of company stock worth $27,240,162 in the last quarter. 2.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CELH. Maxim Group lifted their target price on shares of Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Morgan Stanley set a $70.00 target price on shares of Celsius in a report on Tuesday, September 30th. The Goldman Sachs Group began coverage on Celsius in a research report on Thursday, September 11th. They set a “buy” rating and a $72.00 target price on the stock. Wall Street Zen lowered Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, UBS Group increased their target price on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.15.

Celsius Trading Down 5.5%

Shares of NASDAQ:CELH opened at $60.70 on Friday. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $64.81. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 164.05, a price-to-earnings-growth ratio of 1.26 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’s 50 day moving average price is $56.89 and its 200-day moving average price is $45.97.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. On average, equities research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

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.