American Assets Investment Management LLC Reduces Position in Celsius Holdings Inc. $CELH

American Assets Investment Management LLC decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock after selling 25,000 shares during the period. American Assets Investment Management LLC’s holdings in Celsius were worth $1,160,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Huntington National Bank boosted its holdings in shares of Celsius by 939.8% during the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock worth $55,000 after purchasing an additional 1,062 shares during the last quarter. Savoir Faire Capital Management L.P. boosted its holdings in shares of Celsius by 39.4% during the second quarter. Savoir Faire Capital Management L.P. now owns 98,878 shares of the company’s stock worth $4,587,000 after purchasing an additional 27,961 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Celsius during the second quarter worth $216,000. Retirement Systems of Alabama boosted its holdings in shares of Celsius by 0.3% during the second quarter. Retirement Systems of Alabama now owns 192,161 shares of the company’s stock worth $8,914,000 after purchasing an additional 500 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Celsius by 1,476.0% during the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after purchasing an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CELH. JPMorgan Chase & Co. raised their price objective on Celsius from $68.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Celsius in a report on Tuesday, October 14th. Stifel Nicolaus increased their target price on Celsius from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Wall Street Zen cut Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.45.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the transaction, the insider owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 205,667 shares of company stock worth $11,165,162. Company insiders own 2.55% of the company’s stock.

Celsius Price Performance

Shares of Celsius stock opened at $59.56 on Wednesday. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $66.74. The stock has a market capitalization of $15.36 billion, a P/E ratio of 160.97, a PEG ratio of 1.25 and a beta of 1.38. 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 business’s fifty day moving average price is $59.21 and its 200 day moving average price is $49.22.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.28 earnings per share. As a group, research analysts anticipate 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.