Kayne Anderson Rudnick Investment Management LLC Trims Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Kayne Anderson Rudnick Investment Management LLC decreased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,120,748 shares of the company’s stock after selling 223,339 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.91% of Celsius worth $121,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new stake in Celsius during the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of Celsius by 1,370.0% during the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after acquiring an additional 411 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Celsius in the fourth quarter worth approximately $25,000. Finally, Beacon Capital Management LLC purchased a new stake in Celsius in the first quarter valued at approximately $40,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Celsius Stock Performance

CELH opened at $33.17 on Friday. The company has a market capitalization of $7.73 billion, a P/E ratio of 36.45, a PEG ratio of 2.46 and a beta of 1.85. The company has a 50-day moving average of $40.38 and a 200-day moving average of $63.94. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 94.75% and a net margin of 19.58%. The business’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CELH. TD Cowen lowered their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group reduced their price objective on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Roth Mkm cut their price target on shares of Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. UBS Group decreased their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Wedbush lowered their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.64.

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.