Oak Ridge Investments LLC Invests $490,000 in Celsius Holdings Inc. $CELH

Oak Ridge Investments LLC bought a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,571 shares of the company’s stock, valued at approximately $490,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock worth $642,769,000 after purchasing an additional 3,753,055 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Celsius during the 1st quarter worth about $39,412,000. Lord Abbett & CO. LLC bought a new position in shares of Celsius during the 1st quarter worth about $36,511,000. Assenagon Asset Management S.A. boosted its position in shares of Celsius by 9,579.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after purchasing an additional 820,297 shares in the last quarter. Finally, Broad Bay Capital Management LP bought a new position in shares of Celsius during the 1st quarter worth about $24,374,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research analyst reports. Zacks Research cut shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Piper Sandler raised their price objective on shares of Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. JPMorgan Chase & Co. raised their price objective on shares of Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, UBS Group raised their price objective on shares of Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.15.

Celsius Stock Performance

NASDAQ CELH opened at $60.70 on Monday. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $64.81. The company has a 50-day simple moving average of $56.89 and a 200 day simple moving average of $46.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The company has a market capitalization of $15.66 billion, a PE ratio of 164.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38.

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

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the transaction, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 560,667 shares of company stock valued at $27,240,162 in the last three months. 2.55% of the stock is owned by corporate insiders.

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.