Valmark Advisers Inc. Has $1.65 Million Position in Celsius Holdings Inc. $CELH

Valmark Advisers Inc. raised its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,646 shares of the company’s stock after purchasing an additional 578 shares during the period. Valmark Advisers Inc.’s holdings in Celsius were worth $1,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. acquired a new position in shares of Celsius in the first quarter valued at about $32,000. Summit Securities Group LLC acquired a new position in shares of Celsius in the first quarter valued at about $34,000. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock valued at $51,000 after acquiring an additional 844 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after acquiring an additional 666 shares in the last quarter. Finally, Peterson Wealth Services acquired a new position in shares of Celsius in the first quarter valued at about $66,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Celsius

In other news, insider Paul H. Storey sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the transaction, the insider owned 37,550 shares of the company’s stock, valued at $2,287,921.50. This represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the transaction, the insider owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 560,667 shares of company stock valued at $27,240,162. 2.55% of the stock is owned by company insiders.

Celsius Stock Up 3.0%

CELH stock opened at $62.91 on Thursday. The stock has a market capitalization of $16.23 billion, a P/E ratio of 170.03, a price-to-earnings-growth ratio of 1.36 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.50. The firm has a 50-day moving average price of $56.19 and a 200-day moving average price of $45.51.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The firm had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business’s revenue for the quarter was up 83.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CELH. UBS Group upped their price target on shares of Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Wall Street Zen downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Stifel Nicolaus upped their price target on shares of Celsius from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Truist Financial upped their price objective on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Zacks Research downgraded shares of Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.15.

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.