1832 Asset Management L.P. Invests $3.88 Million in Celsius Holdings Inc. $CELH

1832 Asset Management L.P. bought a new position in Celsius Holdings Inc. (NASDAQ:CELH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 83,600 shares of the company’s stock, valued at approximately $3,878,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CELH. Summit Securities Group LLC bought a new stake in Celsius in the 1st quarter worth approximately $34,000. Hantz Financial Services Inc. grew its holdings in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after purchasing an additional 738 shares in the last quarter. Huntington National Bank increased its position in Celsius by 939.8% in the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock worth $55,000 after purchasing an additional 1,062 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Celsius in the second quarter worth $75,000. Finally, Quarry LP raised its stake in Celsius by 288.0% during the first quarter. Quarry LP now owns 2,258 shares of the company’s stock valued at $80,000 after purchasing an additional 1,676 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CELH. Zacks Research cut shares of Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Truist Financial lifted their price target on Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. B. Riley boosted their price objective on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Mizuho upped their price objective on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Finally, UBS Group set a $65.00 target price on Celsius and gave the stock a “buy” rating in a report on Wednesday, November 26th. Twenty investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.95.

Insider Activity at Celsius

In related news, Director Hal Kravitz acquired 10,000 shares of the stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $45.24 per share, with a total value of $452,400.00. Following the transaction, the director directly owned 216,147 shares in the company, valued at approximately $9,778,490.28. This represents a 4.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was 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 owned 221,245 shares in the company, valued at $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.55% of the stock is currently owned by company insiders.

Celsius Price Performance

CELH opened at $42.06 on Friday. The business has a fifty day moving average of $52.60 and a 200 day moving average of $49.99. The stock has a market cap of $10.84 billion, a P/E ratio of 420.60, a PEG ratio of 0.79 and a beta of 1.01. The company has a quick ratio of 1.61, a current ratio of 1.89 and a debt-to-equity ratio of 0.72. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $66.74.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The company’s revenue was up 172.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.