Xcel Wealth Management LLC Lowers Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Xcel Wealth Management LLC cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 33.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,938 shares of the company’s stock after selling 23,880 shares during the period. Xcel Wealth Management LLC’s holdings in Celsius were worth $1,263,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in Celsius during the 4th quarter worth $119,000. Versor Investments LP acquired a new position in Celsius in the 4th quarter worth $279,000. Proficio Capital Partners LLC acquired a new position in Celsius in the 4th quarter worth $406,000. Apriem Advisors lifted its holdings in Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after buying an additional 525 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Celsius by 21.3% in the 4th quarter. IFP Advisors Inc now owns 30,285 shares of the company’s stock worth $799,000 after buying an additional 5,315 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CELH. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. Morgan Stanley restated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. UBS Group cut their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Jefferies Financial Group cut their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale 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 insiders.

Celsius Stock Down 1.2 %

Shares of Celsius stock opened at $25.69 on Friday. The stock’s fifty day moving average is $25.91 and its 200-day moving average is $29.97. The firm has a market capitalization of $6.04 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

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.