Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,002 shares of the company’s stock after selling 677 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Celsius were worth $1,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after acquiring an additional 2,567,290 shares in the last quarter. Capital International Investors boosted its holdings in Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after purchasing an additional 1,333,217 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after purchasing an additional 2,306,598 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Stock Down 1.1 %

Shares of CELH opened at $32.80 on Tuesday. The firm has a market capitalization of $7.65 billion, a PE ratio of 36.04, a P/E/G ratio of 2.46 and a beta of 1.85. The firm has a 50-day moving average price of $39.99 and a 200 day moving average price of $63.21. Celsius Holdings, Inc. has a 52-week low of $31.55 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. On average, equities analysts expect that Celsius Holdings, Inc. will post 0.83 EPS for the current year.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of recent research reports. Bank of America lowered their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group dropped their price target on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. BNP Paribas began coverage on Celsius in a research report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. UBS Group dropped their target price on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Wedbush reduced their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.64.

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.