DAVENPORT & Co LLC Raises Stock Position in Celsius Holdings Inc. $CELH

DAVENPORT & Co LLC boosted its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,860 shares of the company’s stock after purchasing an additional 611 shares during the period. DAVENPORT & Co LLC’s holdings in Celsius were worth $550,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in Celsius during the 1st quarter worth approximately $32,000. Summit Securities Group LLC purchased a new stake in Celsius during the 1st quarter worth approximately $34,000. UMB Bank n.a. grew its position in Celsius by 145.0% during the 1st 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 last quarter. Fifth Third Bancorp grew its position in Celsius by 62.9% during the 1st 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 last quarter. Finally, Peterson Wealth Services purchased a new stake in Celsius during the 1st quarter worth approximately $66,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

CELH has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Wall Street Zen downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Truist Financial boosted their target price on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Cowen restated a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Finally, Morgan Stanley set a $70.00 price objective on shares of Celsius in a research note on Tuesday, September 30th. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.15.

Celsius Stock Performance

CELH opened at $60.70 on Friday. 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 firm has a fifty day moving average price of $56.89 and a 200 day moving average price of $45.97. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $64.81. The stock has a market cap of $15.66 billion, a P/E ratio of 164.05, a P/E/G ratio of 1.26 and a beta of 1.38.

Celsius (NASDAQ:CELH) last posted its 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 net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue was up 83.9% compared to the same quarter last year. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 100,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the sale, the insider directly owned 37,550 shares of the company’s stock, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 560,667 shares of company stock worth $27,240,162. Insiders own 2.55% of the company’s stock.

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.