Public Employees Retirement System of Ohio Has $6.60 Million Stock Holdings in Celsius Holdings Inc. $CELH

Public Employees Retirement System of Ohio lifted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 162.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,315 shares of the company’s stock after acquiring an additional 88,090 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Celsius worth $6,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. bought a new position in Celsius in the first quarter valued at about $32,000. Summit Securities Group LLC bought a new stake in shares of Celsius in the 1st quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after purchasing an additional 750 shares during the period. UMB Bank n.a. grew its holdings in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after purchasing an additional 666 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Celsius Trading Up 5.0%

Shares of NASDAQ:CELH opened at $54.39 on Monday. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50. The stock’s 50-day simple moving average is $54.08 and its two-hundred day simple moving average is $44.13. The stock has a market capitalization 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 quick ratio of 1.76 and a current ratio of 2.11.

Celsius (NASDAQ:CELH) last released 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 return on equity of 36.88% and a net margin of 7.91%.The business had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Celsius’s revenue for the quarter was up 83.9% on a year-over-year basis. Analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CELH shares. Bank of America increased their price target on Celsius from $35.00 to $40.00 and gave the company an “underperform” rating in a research report on Friday, August 8th. Needham & Company LLC lifted their target price on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. Citigroup restated a “buy” rating on shares of Celsius in a research report on Sunday, August 31st. Maxim Group lifted their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, The Goldman Sachs Group initiated coverage on Celsius in a research note on Thursday, September 11th. They issued a “buy” rating and a $72.00 price target on the stock. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.95.

Insider Buying and Selling at Celsius

In other Celsius news, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the sale, the insider owned 37,550 shares of the company’s stock, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated 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 completion of the transaction, the insider owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 860,667 shares of company stock worth $41,421,162 over the last three months. 2.20% of the stock is owned by company insiders.

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.