Precision Wealth Strategies LLC Reduces Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Precision Wealth Strategies LLC trimmed its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,802 shares of the company’s stock after selling 202 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Celsius were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Celsius by 123.5% in the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after acquiring an additional 324,049 shares during the last quarter. Brown Advisory Inc. bought a new stake in Celsius during the 4th quarter worth approximately $242,000. Coldstream Capital Management Inc. increased its holdings in Celsius by 190.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after acquiring an additional 2,589 shares during the period. Moody National Bank Trust Division bought a new stake in Celsius during the 4th quarter worth approximately $917,000. Finally, Dimensional Fund Advisors LP increased its holdings in Celsius by 215.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after acquiring an additional 332,980 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Price Performance

NASDAQ:CELH traded down $0.30 during mid-day trading on Friday, hitting $57.22. 2,307,949 shares of the company’s stock were exchanged, compared to its average volume of 5,701,779. Celsius Holdings, Inc. has a one year low of $45.03 and a one year high of $99.62. The business has a fifty day moving average price of $73.58 and a 200 day moving average price of $70.29. The company has a market cap of $13.34 billion, a PE ratio of 62.88, a P/E/G ratio of 1.66 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. On average, equities analysts forecast that Celsius Holdings, Inc. will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CELH shares. Maxim Group decreased their target price 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. Stifel Nicolaus reduced their target price on shares of Celsius from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Truist Financial initiated coverage on shares of Celsius in a research report on Tuesday, June 25th. They set a “hold” rating and a $60.00 price target for the company. Wedbush dropped their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, BNP Paribas initiated coverage on shares of Celsius in a research report on Monday, June 24th. They set an “outperform” rating and a $87.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.82.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,776,696 shares of company stock valued at $107,920,209. Insiders own 2.20% of the company’s stock.

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.