Allspring Global Investments Holdings LLC Acquires Shares of 4,837 Celsius Holdings Inc. $CELH

Allspring Global Investments Holdings LLC acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,837 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the period. Invesco Ltd. lifted its position in shares of Celsius by 1.8% during the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company’s stock worth $85,303,000 after acquiring an additional 42,997 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Celsius by 6.0% during the first quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company’s stock worth $72,789,000 after acquiring an additional 116,273 shares in the last quarter. MIG Capital LLC lifted its position in shares of Celsius by 42.7% during the first quarter. MIG Capital LLC now owns 1,575,939 shares of the company’s stock worth $56,135,000 after acquiring an additional 471,287 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Celsius by 4.7% during the first quarter. Northern Trust Corp now owns 1,411,449 shares of the company’s stock worth $50,276,000 after acquiring an additional 63,787 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Stock Up 2.3%

Shares of NASDAQ:CELH opened at $63.35 on Friday. The stock’s 50-day moving average price is $59.26 and its 200-day moving average price is $47.90. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $66.74. The stock has a market capitalization of $16.34 billion, a P/E ratio of 171.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CELH. The Goldman Sachs Group began coverage on Celsius in a research report on Thursday, September 11th. They set a “buy” rating and a $72.00 target price on the stock. Zacks Research downgraded Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. UBS Group increased their target price on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Mizuho increased their target price on Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Jefferies Financial Group set a $72.00 target price on Celsius and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.45.

Insider Activity

In other news, major shareholder Deborah Desantis sold 100,000 shares of the firm’s 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 transaction, the insider directly owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider directly owned 37,550 shares in the company, valued at $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. In the last ninety days, insiders sold 605,667 shares of company stock valued at $30,065,162. Company insiders own 2.55% of the company’s stock.

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.