Natixis Advisors LLC Trims Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Natixis Advisors LLC lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 46.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,893 shares of the company’s stock after selling 11,209 shares during the period. Natixis Advisors LLC’s holdings in Celsius were worth $736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new position in Celsius during the 1st quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares in the last quarter. Rise Advisors LLC increased its holdings in Celsius by 1,370.0% during the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after buying an additional 411 shares during the period. Transcendent Capital Group LLC bought a new position in Celsius in the fourth quarter worth approximately $25,000. Finally, Beacon Capital Management LLC bought a new position in Celsius in the first quarter worth approximately $40,000. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TD Cowen cut their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. B. Riley cut their target price on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Roth Mkm reduced their target price on shares of Celsius from $65.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus lowered their price target on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Bank of America reduced their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. 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. Based on data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $57.64.

Celsius Price Performance

Shares of CELH opened at $32.94 on Friday. The company’s fifty day moving average price is $43.18 and its 200-day moving average price is $65.64. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62. The firm has a market capitalization of $7.68 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 2.23 and a beta of 1.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. As a group, research analysts anticipate that Celsius Holdings, Inc. will post 0.88 EPS for the current fiscal 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.