Celsius Holdings Inc. $CELH Stock Holdings Lifted by UMB Bank n.a.

UMB Bank n.a. lifted its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 24.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,778 shares of the company’s stock after buying an additional 352 shares during the quarter. UMB Bank n.a.’s holdings in Celsius were worth $82,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CELH. Alliancebernstein L.P. lifted its position 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 worth $642,769,000 after buying an additional 3,753,055 shares during the last quarter. AQR Capital Management LLC bought a new stake in Celsius in the 1st quarter valued at about $39,412,000. Lord Abbett & CO. LLC bought a new stake in Celsius in the 1st quarter valued at about $36,511,000. Assenagon Asset Management S.A. lifted its position in Celsius by 9,579.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock valued at $38,451,000 after purchasing an additional 820,297 shares during the last quarter. Finally, Broad Bay Capital Management LP bought a new stake in Celsius in the 1st quarter valued at about $24,374,000. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the transaction, the insider owned 17,717,770 shares of the company’s stock, valued at $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 895,410 shares in the company, valued at $45,827,083.80. This represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 860,667 shares of company stock worth $41,421,162. 2.55% of the stock is owned by insiders.

Analyst Ratings Changes

CELH has been the topic of several recent research reports. Cowen reiterated a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Bank of America raised their target price on shares of Celsius from $35.00 to $40.00 and gave the company an “underperform” rating in a research note on Friday, August 8th. Maxim Group raised their target price on shares of Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Mizuho raised their target price on shares of Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Roth Capital raised their target price on shares of Celsius from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.95.

Celsius Stock Performance

Shares of CELH opened at $51.81 on Friday. The firm’s 50 day moving average is $53.88 and its 200-day moving average is $43.71. The stock has a market capitalization of $13.36 billion, a P/E ratio of 140.03, a P/E/G ratio of 1.17 and a beta of 1.34. 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 Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.50.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business’s revenue was up 83.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts anticipate 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.