Castleark Management LLC Buys 69,310 Shares of Celsius Holdings Inc. $CELH

Castleark Management LLC lifted its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 150.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,318 shares of the company’s stock after purchasing an additional 69,310 shares during the period. Castleark Management LLC’s holdings in Celsius were worth $5,350,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in Celsius by 3.4% during the second quarter. Alliancebernstein L.P. now owns 18,662,921 shares of the company’s stock worth $865,773,000 after buying an additional 617,743 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Celsius by 20.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after acquiring an additional 426,623 shares during the period. Holocene Advisors LP increased its stake in shares of Celsius by 130.6% during the 2nd quarter. Holocene Advisors LP now owns 2,108,041 shares of the company’s stock worth $97,792,000 after purchasing an additional 1,193,707 shares during 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, Divisadero Street Capital Management LP raised its holdings in shares of Celsius by 89.4% in the 2nd quarter. Divisadero Street Capital Management LP now owns 1,497,450 shares of the company’s stock valued at $69,467,000 after purchasing an additional 706,888 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Wall Street Zen cut Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Bank of America reduced their target price on Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, November 7th. Citigroup dropped their price target on Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, UBS Group set a $65.00 price target on Celsius and gave the company a “buy” rating in a report on Wednesday, November 26th. Twenty research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.58.

Insider Buying and Selling

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on 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 $6,449,755. This represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is owned by insiders.

Celsius Price Performance

Shares of NASDAQ CELH opened at $43.84 on Monday. The firm has a market cap of $11.30 billion, a P/E ratio of 438.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The business’s 50 day moving average is $51.20 and its 200-day moving average is $50.45. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The firm 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 firm’s quarterly revenue was up 172.9% on a year-over-year basis. Equities research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share 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.