Pallas Capital Advisors LLC Purchases Shares of 7,066 Celsius Holdings Inc. $CELH

Pallas Capital Advisors LLC acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,066 shares of the company’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CELH. Alliancebernstein L.P. boosted its holdings in shares of Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Celsius during the 1st quarter valued at about $39,412,000. Lord Abbett & CO. LLC bought a new position in shares of Celsius in the 1st quarter valued at about $36,511,000. Broad Bay Capital Management LP bought a new position in shares of Celsius in the 1st quarter valued at about $24,374,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Celsius by 163.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,103 shares of the company’s stock worth $38,936,000 after acquiring an additional 678,126 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In other news, CEO John Fieldly sold 143,167 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the sale, the chief executive officer directly owned 895,410 shares of the company’s stock, valued at $45,827,083.80. This represents a 13.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the transaction, the insider owned 37,550 shares in the company, valued at $2,287,921.50. This trade represents a 16.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 991,470 shares of company stock worth $47,307,297 over the last ninety days. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Needham & Company LLC boosted their price target on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Cowen reissued a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Stifel Nicolaus upped their target price on Celsius from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Finally, Citigroup restated a “buy” rating on shares of Celsius in a research report on Sunday, August 31st. Eighteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.95.

Celsius Stock Down 0.8%

Celsius stock opened at $54.73 on Monday. The company’s 50-day moving average is $53.36 and its 200-day moving average is $43.26. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $63.50. The firm has a market capitalization of $14.12 billion, a PE ratio of 147.92, a P/E/G ratio of 1.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue was up 83.9% on a year-over-year basis. Sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Celsius Company 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.