Yousif Capital Management LLC Sells 310 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Posted by on Aug 1st, 2023

Yousif Capital Management LLC lowered its position in Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,644 shares of the company’s stock after selling 310 shares during the quarter. Yousif Capital Management LLC’s holdings in Celsius were worth $1,547,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in Celsius during the 4th quarter valued at about $27,000. Money Concepts Capital Corp purchased a new stake in shares of Celsius in the fourth quarter valued at approximately $28,000. IFP Advisors Inc grew its stake in Celsius by 19.7% in the fourth quarter. IFP Advisors Inc now owns 4,185 shares of the company’s stock worth $38,000 after purchasing an additional 690 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Celsius during the 1st quarter valued at $42,000. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of Celsius in the 4th quarter worth $67,000. 58.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Celsius from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Stephens began coverage on Celsius in a report on Thursday, June 22nd. They issued an “overweight” rating and a $180.00 price target on the stock. UBS Group boosted their price target on Celsius from $130.00 to $160.00 in a research report on Friday, June 2nd. Piper Sandler raised their price objective on Celsius from $130.00 to $165.00 in a research report on Monday, June 5th. Finally, Wedbush boosted their target price on shares of Celsius from $130.00 to $155.00 in a report on Thursday, June 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.20.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $122.03, for a total value of $2,440,600.00. Following the sale, the insider now owns 29,915 shares in the company, valued at approximately $3,650,527.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Celsius news, Director Caroline S. Levy sold 2,200 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $134.51, for a total transaction of $295,922.00. Following the transaction, the director now directly owns 17,605 shares of the company’s stock, valued at $2,368,048.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder William H. Milmoe sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $122.03, for a total transaction of $2,440,600.00. Following the completion of the transaction, the insider now directly owns 29,915 shares in the company, valued at $3,650,527.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 373,176 shares of company stock valued at $52,736,563. 2.70% of the stock is owned by insiders.

Celsius Trading Down 1.9 %

CELH stock opened at $144.70 on Tuesday. Celsius Holdings, Inc. has a 52 week low of $78.25 and a 52 week high of $157.28. The firm has a 50 day moving average of $143.03 and a 200 day moving average of $113.39.

Celsius (NASDAQ:CELH – Get Free Report) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.18. The firm had revenue of $259.94 million during the quarter, compared to analysts’ expectations of $219.58 million. Celsius had a positive return on equity of 9.01% and a negative net margin of 19.58%. The company’s revenue for the quarter was up 94.9% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. As a group, analysts predict that Celsius Holdings, Inc. will post 1.43 EPS for the current fiscal year.

Celsius Company Profile

(Free Report)

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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