Hollencrest Capital Management Sells 2,306 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Hollencrest Capital Management decreased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 49.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,314 shares of the company’s stock after selling 2,306 shares during the period. Hollencrest Capital Management’s holdings in Celsius were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. S.A. Mason LLC bought a new position in shares of Celsius during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its holdings in Celsius by 3,116.7% in the first 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 period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius in the third quarter worth about $34,000. Signaturefd LLC lifted its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CELH. LADENBURG THALM/SH SH decreased their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Piper Sandler decreased their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Truist Financial boosted their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Finally, UBS Group cut their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.40.

Celsius Price Performance

Shares of CELH opened at $28.90 on Friday. Celsius Holdings, Inc. has a 1 year low of $27.78 and a 1 year high of $99.62. The company has a 50 day simple moving average of $32.15 and a two-hundred day simple moving average of $51.21. The firm has a market cap of $6.74 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same period in the previous year, the firm posted $0.17 EPS. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.79 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.