US Bancorp DE Has $819,000 Position in Celsius Holdings Inc. $CELH

US Bancorp DE lifted its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 36.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,645 shares of the company’s stock after acquiring an additional 4,723 shares during the period. US Bancorp DE’s holdings in Celsius were worth $819,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Celsius during the first quarter worth $32,000. Summit Securities Group LLC bought a new position in Celsius during the first quarter valued at about $34,000. Fifth Third Bancorp increased its stake in shares of Celsius by 62.9% in 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 in the last quarter. Peterson Wealth Services purchased a new position in shares of Celsius in the first quarter worth about $66,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Celsius by 124.7% in the first quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock worth $71,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the subject of a number of analyst reports. Cowen restated a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Zacks Research downgraded shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Citigroup reissued a “buy” rating on shares of Celsius in a research report on Sunday, August 31st. Maxim Group boosted their target price on shares of Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Celsius in a research note on Thursday, September 11th. They issued a “buy” rating and a $72.00 price target on the stock. Nineteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.15.

Insider Buying and Selling

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul H. Storey sold 7,500 shares of the company’s 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 in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 605,667 shares of company stock valued at $30,065,162 in the last three months. Corporate insiders own 2.55% of the company’s stock.

Celsius Trading Up 0.9%

Celsius stock opened at $64.86 on Friday. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $66.74. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 175.30, a P/E/G ratio of 1.31 and a beta of 1.38. The firm has a 50 day moving average of $58.54 and a 200 day moving average of $46.93.

Celsius (NASDAQ:CELH) last posted 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. 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 the consensus estimate of $632.13 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 83.9% compared to the same quarter last year. As a group, research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.