Celsius Holdings Inc. $CELH Stake Boosted by Quarry LP

Quarry LP increased its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 288.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,258 shares of the company’s stock after purchasing an additional 1,676 shares during the quarter. Quarry LP’s holdings in Celsius were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management boosted its position in Celsius by 41.5% during the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company’s stock worth $1,065,000 after acquiring an additional 11,863 shares during the period. Fifth Third Bancorp boosted its position in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after acquiring an additional 666 shares during the period. GAMMA Investing LLC boosted its position in Celsius by 4,164.4% during the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company’s stock worth $2,604,000 after acquiring an additional 71,378 shares during the period. Oppenheimer & Co. Inc. boosted its position in Celsius by 14.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company’s stock worth $348,000 after acquiring an additional 1,199 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Celsius by 21.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,517 shares of the company’s stock worth $1,621,000 after acquiring an additional 8,009 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Down 0.6%

Shares of CELH stock opened at $60.76 on Friday. The stock’s 50 day simple moving average is $51.07 and its 200 day simple moving average is $40.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.50. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 164.22, a PEG ratio of 1.37 and a beta of 1.34.

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

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research reports. Jefferies Financial Group set a $72.00 price objective on Celsius in a research report on Wednesday. Citigroup reiterated a “buy” rating on shares of Celsius in a report on Sunday. Truist Financial lifted their price target on Celsius from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, August 11th. UBS Group lifted their price target on Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Maxim Group lifted their price target on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.37.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares of the company’s stock, valued at $45,827,083.80. The trade was a 13.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the transaction, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,116,141 shares of company stock valued at $52,541,605. Corporate insiders own 2.55% 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.