Focus Partners Advisor Solutions LLC Acquires Shares of 4,842 Celsius Holdings Inc. $CELH

Focus Partners Advisor Solutions LLC purchased a new stake in Celsius Holdings Inc. (NASDAQ:CELH) in the second quarter, according to its most recent filing with the SEC. The fund purchased 4,842 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew 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 valued at $38,451,000 after buying an additional 820,297 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Celsius in the second quarter valued at approximately $835,000. SWS Partners bought a new position in shares of Celsius during the second quarter valued at approximately $1,719,000. Polianta Ltd bought a new position in shares of Celsius during the second quarter valued at approximately $1,428,000. Finally, CWM LLC raised its position in shares of Celsius by 182.1% during the 2nd quarter. CWM LLC now owns 20,698 shares of the company’s stock worth $960,000 after purchasing an additional 13,362 shares during the period. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In other news, insider Paul H. Storey sold 7,500 shares of Celsius 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 205,667 shares of company stock worth $11,165,162 over the last three months. 2.55% of the stock is owned by insiders.

Celsius Stock Up 0.2%

NASDAQ CELH opened at $60.23 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 market capitalization of $15.54 billion, a P/E ratio of 162.78, a PEG ratio of 1.25 and a beta of 1.38. The company’s 50 day simple moving average is $59.23 and its 200 day simple moving average is $48.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

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

Analysts Set New Price Targets

Several brokerages have weighed in on CELH. Bank of America increased their target price on Celsius from $40.00 to $55.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 8th. Stephens restated an “overweight” rating on shares of Celsius in a research report on Monday, August 11th. Citigroup reissued a “buy” rating on shares of Celsius in a report on Sunday, August 31st. Maxim Group raised their target price 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. Finally, The Goldman Sachs Group began coverage on shares of Celsius in a report on Thursday, September 11th. They issued a “buy” rating and a $72.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

About Celsius

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.