Wealth Enhancement Advisory Services LLC Has $1.31 Million Holdings in Celsius Holdings Inc. $CELH

Wealth Enhancement Advisory Services LLC increased its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 25.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,061 shares of the company’s stock after purchasing an additional 5,713 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Celsius were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC acquired a new position in shares of Celsius during the second quarter worth about $328,000. Parallel Advisors LLC boosted its position in Celsius by 35.5% during the 2nd quarter. Parallel Advisors LLC now owns 3,228 shares of the company’s stock worth $150,000 after acquiring an additional 846 shares during the last quarter. M & L Capital Management Ltd acquired a new position in Celsius during the 2nd quarter worth approximately $1,392,000. Voya Investment Management LLC boosted its position in Celsius by 142.9% during the 1st quarter. Voya Investment Management LLC now owns 267,574 shares of the company’s stock worth $9,531,000 after acquiring an additional 157,410 shares during the last quarter. Finally, Howe & Rusling Inc. acquired a new position in Celsius during the 1st quarter worth approximately $3,096,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 1.0%

Shares of CELH stock opened at $57.49 on Wednesday. The firm has a 50 day moving average price of $54.61 and a two-hundred day moving average price of $44.43. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.83 billion, a PE ratio of 155.38, a price-to-earnings-growth ratio of 1.29 and a beta of 1.33. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.50.

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

Insider Activity at Celsius

In other Celsius news, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares of the company’s stock, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 560,667 shares of company stock valued at $27,240,162. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CELH has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Needham & Company LLC increased their target price on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Morgan Stanley set a $70.00 price objective on shares of Celsius in a research note on Tuesday. UBS Group increased their price objective on shares of Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Finally, Maxim Group increased their price objective 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. Nineteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.40.

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.