Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by Capital International Investors

Capital International Investors lifted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 50.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,966,194 shares of the company’s stock after acquiring an additional 1,333,217 shares during the period. Capital International Investors’ holdings in Celsius were worth $328,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in shares of Celsius in the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC acquired a new stake in Celsius during the 1st quarter worth about $25,000. Tidemark LLC acquired a new stake in Celsius during the 4th quarter worth about $29,000. Heritage Wealth Advisors grew its position in Celsius by 200.0% during the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock worth $30,000 after purchasing an additional 368 shares during the period. Finally, Cambridge Trust Co. grew its position in Celsius by 280.0% during the 4th quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock worth $31,000 after purchasing an additional 420 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 3.5 %

Celsius stock traded up $1.62 during trading on Friday, hitting $48.02. The company had a trading volume of 5,328,068 shares, compared to its average volume of 5,121,208. Celsius Holdings, Inc. has a 1-year low of $44.70 and a 1-year high of $99.62. The company’s 50 day simple moving average is $64.69 and its 200-day simple moving average is $70.07. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, analysts forecast that Celsius Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley reissued an “equal weight” rating and set a $68.00 target price on shares of Celsius in a research note on Tuesday, July 9th. Roth Mkm lowered their target price on shares of Celsius from $87.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price on shares of Celsius in a research note on Tuesday, July 9th. Bank of America lowered their target price on shares of Celsius from $84.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, TD Cowen lowered their target price on shares of Celsius from $85.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.51.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. Insiders sold a total of 1,772,617 shares of company stock worth $107,637,044 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

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.