Falcon Wealth Planning acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,800 shares of the company's stock, valued at approximately $770,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in Celsius by 9.1% during the second quarter. State of Alaska Department of Revenue now owns 29,072 shares of the company's stock valued at $1,897,000 after buying an additional 2,430 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Celsius by 78.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,636 shares of the company's stock worth $1,083,000 after purchasing an additional 8,650 shares in the last quarter. Capital International Investors acquired a new stake in shares of Celsius during the first quarter worth approximately $93,034,000. Avalon Investment & Advisory grew its position in Celsius by 12.9% during the first quarter. Avalon Investment & Advisory now owns 41,095 shares of the company's stock valued at $2,268,000 after purchasing an additional 4,691 shares in the last quarter. Finally, Future Fund LLC increased its stake in Celsius by 17.1% in the 1st quarter. Future Fund LLC now owns 8,123 shares of the company's stock valued at $448,000 after buying an additional 1,186 shares during the period. 55.30% of the stock is currently owned by institutional investors and hedge funds.
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Insider Activity
In related news, CEO John Fieldly sold 70,000 shares of the company's stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $115.55, for a total transaction of $8,088,500.00. Following the completion of the sale, the chief executive officer now directly owns 311,619 shares of the company's stock, valued at approximately $36,007,575.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Celsius news, Director Hal Kravitz sold 5,000 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the director now directly owns 21,797 shares of the company's stock, valued at approximately $2,397,670. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Fieldly sold 70,000 shares of the business's stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $115.55, for a total transaction of $8,088,500.00. Following the transaction, the chief executive officer now owns 311,619 shares in the company, valued at approximately $36,007,575.45. The disclosure for this sale can be found here. Insiders have sold a total of 278,500 shares of company stock valued at $26,796,940 over the last 90 days. 2.70% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages have issued reports on CELH. Stifel Nicolaus lifted their target price on shares of Celsius from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, August 2nd. B. Riley boosted their target price on Celsius from $100.00 to $112.00 in a research note on Tuesday, August 2nd. Finally, UBS Group upped their target price on Celsius from $74.00 to $123.00 and gave the stock a "buy" rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.00.
Celsius Trading Up 3.3 %
Celsius stock traded up $2.97 during mid-day trading on Wednesday, hitting $92.80. 20,383 shares of the company's stock were exchanged, compared to its average volume of 1,275,411. Celsius Holdings, Inc. has a 1-year low of $38.31 and a 1-year high of $118.19. The stock has a 50 day moving average of $98.67 and a two-hundred day moving average of $73.44. The stock has a market cap of $7.02 billion, a P/E ratio of 234.69 and a beta of 1.91.
Celsius (NASDAQ:CELH – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. Celsius had a return on equity of 13.83% and a net margin of 6.27%. The company had revenue of $154.02 million during the quarter, compared to the consensus estimate of $148.74 million. During the same quarter in the prior year, the company posted $0.05 EPS. The firm's revenue was up 136.7% on a year-over-year basis. As a group, research analysts predict that Celsius Holdings, Inc. will post 0.44 EPS for the current fiscal year.
Celsius Company Profile
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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It 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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