Voya Investment Management LLC Raises Stock Holdings in Celsius Holdings Inc. $CELH

Voya Investment Management LLC raised its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 142.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 267,574 shares of the company’s stock after purchasing an additional 157,410 shares during the quarter. Voya Investment Management LLC owned 0.10% of Celsius worth $9,531,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after purchasing an additional 666 shares during the period. GAMMA Investing LLC grew its stake in shares of Celsius by 4,164.4% during the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company’s stock valued at $2,604,000 after purchasing an additional 71,378 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Celsius by 14.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company’s stock valued at $348,000 after purchasing an additional 1,199 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Celsius by 21.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,517 shares of the company’s stock valued at $1,621,000 after purchasing an additional 8,009 shares during the period. Finally, Praxis Investment Management Inc. bought a new stake in shares of Celsius during the 1st quarter valued at about $242,000. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CELH. Mizuho boosted their price target on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Maxim Group boosted their price target on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen downgraded Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Roth Capital boosted their price objective on Celsius from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Finally, Needham & Company LLC boosted their price objective on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Eighteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Celsius has an average rating of “Moderate Buy” and an average price target of $61.95.

Insider Buying and Selling at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares of the company’s stock, valued at $841,594,075. This represents a 0.56% decrease in their position. 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 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 991,470 shares of company stock worth $47,307,297. Company insiders own 2.20% of the company’s stock.

Celsius Stock Down 1.4%

NASDAQ CELH opened at $55.27 on Wednesday. The stock’s 50 day moving average is $52.76 and its 200 day moving average is $42.52. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.50. The stock has a market cap of $14.26 billion, a PE ratio of 149.38, a P/E/G ratio of 1.27 and a beta of 1.34.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. Research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

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.