Parallel Advisors LLC Has $150,000 Stock Holdings in Celsius Holdings Inc. $CELH

Parallel Advisors LLC grew its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 35.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,228 shares of the company’s stock after purchasing an additional 846 shares during the period. Parallel Advisors LLC’s holdings in Celsius were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CELH. Alliancebernstein L.P. lifted its stake in shares of Celsius by 26.3% in 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 period. AQR Capital Management LLC bought a new position in Celsius during the first quarter worth about $39,412,000. Lord Abbett & CO. LLC acquired a new stake in Celsius during the first quarter worth approximately $36,511,000. Broad Bay Capital Management LP acquired a new stake in shares of Celsius in the first quarter valued at approximately $24,374,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Celsius by 163.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,103 shares of the company’s stock valued at $38,936,000 after purchasing an additional 678,126 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer directly owned 104,227 shares of the company’s stock, valued at $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer directly owned 895,410 shares of the company’s stock, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 860,667 shares of company stock valued at $41,421,162. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen cut shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Morgan Stanley increased their price objective on shares of Celsius from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 2nd. Roth Capital raised their price target on shares of Celsius from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Citigroup reiterated a “buy” rating on shares of Celsius in a research note on Sunday, August 31st. Finally, Mizuho boosted their price target on shares of Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Eighteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.95.

Celsius Stock Down 0.6%

Shares of Celsius stock opened at $51.01 on Wednesday. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 137.86, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The company’s 50 day moving average is $53.59 and its 200 day moving average is $43.48. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.50. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

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