Celsius Holdings Inc. $CELH Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 90.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,899 shares of the company’s stock after acquiring an additional 1,847 shares during the quarter. GAMMA Investing LLC’s holdings in Celsius were worth $181,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. boosted its position in Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after buying an additional 3,753,055 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Celsius during the 1st quarter valued at approximately $39,412,000. Lord Abbett & CO. LLC purchased a new stake in shares of Celsius in the 1st quarter valued at $36,511,000. Assenagon Asset Management S.A. increased its stake in shares of Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after acquiring an additional 820,297 shares during the period. Finally, Broad Bay Capital Management LP acquired a new stake in shares of Celsius in the first quarter worth $24,374,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 5.0%

Shares of CELH stock opened at $54.39 on Monday. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 147.00, a PEG ratio of 1.23 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. The stock has a 50 day simple moving average of $54.08 and a 200-day simple moving average of $44.13.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million during 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 firm’s revenue for the quarter was up 83.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CELH has been the topic of several recent research reports. TD Cowen raised shares of Celsius from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. Cowen reiterated a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Wells Fargo & Company upped their target price on Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Maxim Group raised their target price on Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Needham & Company LLC lifted their price target on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Eighteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $61.95.

Insider Transactions at Celsius

In related news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief financial officer directly owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider owned 18,017,770 shares of the company’s stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 860,667 shares of company stock worth $41,421,162 in the last three months. 2.20% of the stock is owned by corporate insiders.

About Celsius

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.