Ameritas Advisory Services LLC Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Ameritas Advisory Services LLC increased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 27.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,380 shares of the company’s stock after acquiring an additional 3,710 shares during the period. Ameritas Advisory Services LLC’s holdings in Celsius were worth $992,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Covestor Ltd lifted its position in shares of Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Celsius by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares in the last quarter. Moody National Bank Trust Division grew its holdings in Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after buying an additional 215 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after buying an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 1.2 %

Shares of CELH stock traded down $0.46 on Thursday, reaching $37.63. 3,274,236 shares of the stock were exchanged, compared to its average volume of 5,173,208. The stock has a market cap of $8.77 billion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. The firm has a 50 day moving average of $47.95 and a two-hundred day moving average of $67.63. Celsius Holdings, Inc. has a 1-year low of $36.17 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm’s revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, equities research analysts predict that Celsius Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CELH shares. Jefferies Financial Group dropped their price objective on shares of Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Bank of America lowered Celsius from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $32.00 in a research note on Thursday, August 8th. BNP Paribas assumed coverage on shares of Celsius in a research note on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price for the company. Wedbush decreased their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.79.

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.