Celsius Holdings Inc. $CELH Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 191.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,696 shares of the company’s stock after purchasing an additional 51,043 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Celsius were worth $3,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CELH. Westside Investment Management Inc. acquired a new stake in Celsius during the first quarter worth about $32,000. Summit Securities Group LLC acquired a new stake in Celsius during the first quarter worth about $34,000. Peterson Wealth Services acquired a new stake in Celsius during the first quarter worth about $66,000. Golden State Wealth Management LLC boosted its stake in Celsius by 124.7% during the first quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock worth $71,000 after buying an additional 1,106 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock worth $73,000 after buying an additional 338 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the chief financial officer directly owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the transaction, the insider directly owned 221,245 shares of the company’s stock, valued at $13,827,812.50. The trade was a 15.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 605,667 shares of company stock worth $30,065,162. 2.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Maxim Group raised their price objective on shares of Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Citigroup reissued a “buy” rating on shares of Celsius in a research note on Sunday, August 31st. Stifel Nicolaus raised their target price on shares of Celsius from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday. B. Riley raised their target price on shares of Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley set a $70.00 target price on shares of Celsius in a report on Tuesday, September 30th. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Celsius has an average rating of “Moderate Buy” and an average price target of $64.45.

Celsius Stock Performance

NASDAQ:CELH opened at $63.35 on Friday. The firm’s fifty day moving average price is $59.26 and its 200 day moving average price is $47.90. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74. 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 market cap of $16.34 billion, a price-to-earnings ratio of 171.22, a price-to-earnings-growth ratio of 1.29 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 for the quarter, beating 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 firm had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same period last year, the firm posted $0.28 EPS. Celsius’s quarterly revenue was up 83.9% on a year-over-year basis. On average, sell-side analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.