Creative Planning Grows Position in Celsius Holdings Inc. $CELH

Creative Planning lifted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 14.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,389 shares of the company’s stock after purchasing an additional 4,958 shares during the quarter. Creative Planning’s holdings in Celsius were worth $1,874,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in Celsius by 3.9% during the second quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock worth $323,000 after buying an additional 261 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Celsius by 3.1% in the first quarter. Hancock Whitney Corp now owns 11,400 shares of the company’s stock worth $406,000 after acquiring an additional 344 shares during the period. UMB Bank n.a. boosted its stake in shares of Celsius by 24.7% during the 2nd quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock worth $82,000 after acquiring an additional 352 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Celsius by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 192,161 shares of the company’s stock worth $8,914,000 after acquiring an additional 500 shares in the last quarter. Finally, Valmark Advisers Inc. grew its position in shares of Celsius by 1.6% during the 2nd quarter. Valmark Advisers Inc. now owns 35,646 shares of the company’s stock valued at $1,654,000 after acquiring an additional 578 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In related news, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Hal Kravitz acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of $45.24 per share, with a total value of $452,400.00. Following the purchase, the director owned 216,147 shares in the company, valued at $9,778,490.28. This represents a 4.85% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 52,500 shares of company stock valued at $3,281,975. Corporate insiders own 2.55% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the subject of a number of analyst reports. Cowen reaffirmed a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Truist Financial boosted their price objective on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celsius in a research note on Thursday, November 6th. B. Riley increased their target price on Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Celsius in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.95.

Celsius Stock Performance

NASDAQ CELH opened at $40.78 on Thursday. 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 Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74. The company has a market cap of $10.51 billion, a PE ratio of 110.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The stock’s 50 day simple moving average is $54.17 and its 200-day simple moving average is $49.91.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating 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 firm had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. The firm’s quarterly revenue was up 172.9% on a year-over-year basis. As a group, equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal 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.