Federated Hermes Inc. Grows Stock Holdings in Celsius Holdings Inc. $CELH

Federated Hermes Inc. grew its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 39.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,201 shares of the company’s stock after acquiring an additional 88,513 shares during the period. Federated Hermes Inc. owned 0.12% of Celsius worth $14,529,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CELH. ProShare Advisors LLC grew its stake in Celsius by 3.9% in the second quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock worth $323,000 after purchasing an additional 261 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Celsius by 1.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 18,221 shares of the company’s stock worth $845,000 after buying an additional 279 shares during the period. Hancock Whitney Corp lifted its holdings in shares of Celsius by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 11,400 shares of the company’s stock worth $406,000 after buying an additional 344 shares during the period. UMB Bank n.a. grew its position 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 buying an additional 352 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in shares of Celsius by 11.3% during the second quarter. Coldstream Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $218,000 after buying an additional 479 shares during the period. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CELH. Wall Street Zen cut shares of Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. JPMorgan Chase & Co. lowered their price target on shares of Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Piper Sandler increased their price objective on shares of Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Bank of America cut their price objective on shares of Celsius from $55.00 to $50.00 and set an “underperform” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Celsius in a report on Monday. Twenty analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.95.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 40,000 shares of the business’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 sale, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares in the company, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. 2.55% of the stock is currently owned by corporate insiders.

Celsius Trading Up 2.5%

NASDAQ:CELH opened at $44.28 on Thursday. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 442.80, a PEG ratio of 0.80 and a beta of 1.01. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $66.74. The company has a quick ratio of 1.61, a current ratio of 1.89 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $51.80 and a 200 day moving average of $50.24.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The business had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. Celsius’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 earnings per share for the current fiscal 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.