Atria Investments Inc Buys Shares of 4,653 Celsius Holdings Inc. $CELH

Atria Investments Inc purchased a new position in Celsius Holdings Inc. (NASDAQ:CELH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,653 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. grew its stake in Celsius by 26.3% in 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 in the last quarter. Invesco Ltd. lifted its stake in Celsius by 1.8% in the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company’s stock valued at $85,303,000 after acquiring an additional 42,997 shares during the last quarter. Ameriprise Financial Inc. grew its position in Celsius by 6.0% in 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 increased its stake in shares of Celsius by 42.7% during the 1st quarter. MIG Capital LLC now owns 1,575,939 shares of the company’s stock worth $56,135,000 after purchasing an additional 471,287 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Celsius by 4.7% during the 1st quarter. Northern Trust Corp now owns 1,411,449 shares of the company’s stock worth $50,276,000 after purchasing an additional 63,787 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the sale, the insider directly owned 221,245 shares of the company’s stock, valued at $13,827,812.50. This represents a 15.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief financial officer owned 99,227 shares in the company, valued at $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 sold a total of 57,500 shares of company stock worth $3,581,975 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Celsius Price Performance

NASDAQ CELH opened at $44.01 on Friday. The stock has a 50-day simple moving average of $57.12 and a 200 day simple moving average of $49.49. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $66.74. The stock has a market capitalization of $11.35 billion, a PE ratio of 118.95, a P/E/G ratio of 1.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.28 by $0.14. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. Celsius’s quarterly revenue was up 172.9% on a year-over-year basis. Research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CELH. B. Riley upped their price objective on shares of Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Mizuho boosted their price target on Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Piper Sandler upped their price target on Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Cowen reissued a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Finally, Maxim Group boosted their target price on Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Twenty research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $62.95.

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.