Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the company’s stock, valued at approximately $298,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CELH. Choreo LLC lifted its position in Celsius by 4.3% in the 4th quarter. Choreo LLC now owns 2,607 shares of the company’s stock valued at $271,000 after acquiring an additional 107 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Celsius by 0.7% during the first quarter. Ameritas Investment Partners Inc. now owns 14,917 shares of the company’s stock worth $1,386,000 after purchasing an additional 111 shares during the last quarter. DAVENPORT & Co LLC grew its position in Celsius by 1.9% in the first quarter. DAVENPORT & Co LLC now owns 6,053 shares of the company’s stock valued at $563,000 after purchasing an additional 114 shares in the last quarter. Fiduciary Alliance LLC increased its stake in Celsius by 0.5% in the 1st quarter. Fiduciary Alliance LLC now owns 26,284 shares of the company’s stock valued at $2,443,000 after buying an additional 118 shares during the last quarter. Finally, Innovis Asset Management LLC lifted its position in Celsius by 1.8% during the 1st quarter. Innovis Asset Management LLC now owns 7,727 shares of the company’s stock worth $718,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 60.32% of the company’s stock.
Analyst Upgrades and Downgrades
CELH has been the topic of a number of recent research reports. Stephens lifted their target price on Celsius from $180.00 to $200.00 in a research report on Wednesday, August 9th. Piper Sandler upped their target price on shares of Celsius from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, August 29th. Stifel Nicolaus lifted their price target on Celsius from $165.00 to $191.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Bank of America boosted their price target on Celsius from $165.00 to $180.00 in a research report on Wednesday, August 9th. Finally, UBS Group lifted their target price on Celsius from $130.00 to $160.00 in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.80.
Celsius Stock Performance
Shares of NASDAQ CELH traded up $0.10 during trading hours on Thursday, reaching $200.66. 157,020 shares of the stock were exchanged, compared to its average volume of 1,129,719. The stock’s fifty day simple moving average is $167.11 and its 200 day simple moving average is $131.22. Celsius Holdings, Inc. has a 52 week low of $78.25 and a 52 week high of $206.85. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of -105.01 and a beta of 1.78.
Celsius (NASDAQ:CELH – Get Free Report) last posted its earnings results on Tuesday, August 8th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.26. Celsius had a positive return on equity of 66.52% and a negative net margin of 11.60%. The company had revenue of $325.88 million during the quarter, compared to the consensus estimate of $277.19 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue was up 111.6% on a year-over-year basis. Research analysts predict that Celsius Holdings, Inc. will post 1.81 EPS for the current fiscal year.
Insider Buying and Selling at Celsius
In related news, major shareholder Hoi Shuen Solina Holly Chau sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $175.00, for a total value of $52,500,000.00. Following the completion of the sale, the insider now directly owns 7,680,323 shares in the company, valued at $1,344,056,525. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Hoi Shuen Solina Holly Chau sold 300,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $175.00, for a total value of $52,500,000.00. Following the transaction, the insider now owns 7,680,323 shares in the company, valued at $1,344,056,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicholas Castaldo sold 55,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $181.58, for a total transaction of $9,986,900.00. Following the sale, the director now directly owns 110,491 shares of the company’s stock, valued at approximately $20,062,955.78. The disclosure for this sale can be found here. Insiders sold 522,632 shares of company stock valued at $91,962,087 in the last quarter. Company insiders own 2.70% of the company’s stock.
Celsius Company Profile
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
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