Hancock Whitney Corp Has $6.32 Million Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Hancock Whitney Corp trimmed its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 44.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,641 shares of the company’s stock after selling 87,054 shares during the period. Hancock Whitney Corp’s holdings in Celsius were worth $6,317,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after acquiring an additional 127 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Celsius by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after acquiring an additional 181 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after acquiring an additional 181 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after acquiring an additional 215 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after acquiring an additional 249 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research reports. BNP Paribas initiated coverage on shares of Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price for the company. Piper Sandler dropped their target price on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Bank of America dropped their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus dropped their price objective on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.64.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

NASDAQ:CELH opened at $33.17 on Friday. The company has a market capitalization of $7.73 billion, a PE ratio of 36.45, a P/E/G ratio of 2.46 and a beta of 1.85. The company has a 50 day simple moving average of $40.38 and a two-hundred day simple moving average of $63.94. Celsius Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Research analysts predict that Celsius Holdings, Inc. will post 0.83 EPS 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.