Bleakley Financial Group LLC Acquires 215 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Bleakley Financial Group LLC raised its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,557 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Bleakley Financial Group LLC’s holdings in Celsius were worth $1,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CELH. Contravisory Investment Management Inc. acquired a new stake in Celsius in the fourth quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Celsius during the 4th quarter worth approximately $25,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Celsius during the 1st quarter worth approximately $25,000. Tidemark LLC purchased a new position in Celsius in the 4th quarter valued at approximately $29,000. Finally, Heritage Wealth Advisors grew its stake in Celsius by 200.0% in the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares in the company, valued at $21,029,472.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock valued at $107,920,209 over the last three months. Company insiders own 2.20% of the company’s stock.

Celsius Trading Down 3.9 %

Shares of NASDAQ CELH traded down $2.04 on Wednesday, reaching $50.75. 5,476,571 shares of the company traded hands, compared to its average volume of 5,067,443. Celsius Holdings, Inc. has a fifty-two week low of $45.03 and a fifty-two week high of $99.62. The stock has a market capitalization of $11.83 billion, a PE ratio of 55.77, a P/E/G ratio of 1.60 and a beta of 1.90. The company has a 50 day moving average of $70.94 and a 200 day moving average of $70.73.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. As a group, research analysts expect that Celsius Holdings, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CELH shares. Wedbush dropped their price objective 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. UBS Group dropped their price objective on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Maxim Group cut their price target on shares of Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. TD Cowen decreased their price target on shares of Celsius from $85.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Celsius in a research report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.09.

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.