Kestra Private Wealth Services LLC Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Kestra Private Wealth Services LLC bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,615 shares of the company’s stock, valued at approximately $252,000.

Several other hedge funds have also recently made changes to their positions in CELH. Cambridge Investment Research Advisors Inc. increased its stake in shares of Celsius by 89.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,386 shares of the company’s stock valued at $2,812,000 after buying an additional 7,723 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Celsius by 8.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 53,237 shares of the company’s stock valued at $9,135,000 after buying an additional 3,921 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Celsius by 8.5% during the third quarter. Bank of New York Mellon Corp now owns 428,602 shares of the company’s stock valued at $73,548,000 after buying an additional 33,597 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Celsius by 48.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,100 shares of the company’s stock worth $1,390,000 after purchasing an additional 2,643 shares during the period. Finally, Advisor Partners II LLC grew its stake in Celsius by 4.9% in the third quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock worth $319,000 after purchasing an additional 87 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler upped their price target on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. UBS Group reduced their price target on Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a research note on Wednesday, March 27th. Stifel Europe upped their price target on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Maxim Group upped their price target on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average target price of $84.95.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $77.13 on Thursday. The company has a market cap of $17.82 billion, a P/E ratio of 100.17, a PEG ratio of 2.22 and a beta of 1.93. Celsius Holdings, Inc. has a 1 year low of $34.74 and a 1 year high of $99.62. The stock’s fifty day moving average price is $81.42 and its 200-day moving average price is $65.97.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Activity

In other news, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the transaction, the director now directly owns 352,864 shares of the company’s stock, valued at $29,404,157.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the transaction, the director now directly owns 352,864 shares of the company’s stock, valued at $29,404,157.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the transaction, the insider now directly owns 25,464,453 shares in the company, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold a total of 2,043,363 shares of company stock valued at $131,361,140 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Celsius Profile

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.