Exencial Wealth Advisors LLC Boosts Holdings in Celsius Holdings Inc. $CELH

Exencial Wealth Advisors LLC increased its position in Celsius Holdings Inc. (NASDAQ:CELH) by 1.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 46,800 shares of the company’s stock after purchasing an additional 826 shares during the period. Exencial Wealth Advisors LLC’s holdings in Celsius were worth $2,171,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CELH. Alliancebernstein L.P. increased its stake in shares of Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock worth $642,769,000 after buying an additional 3,753,055 shares during the period. AQR Capital Management LLC purchased a new position in shares of Celsius in the first quarter worth $39,412,000. Lord Abbett & CO. LLC purchased a new position in shares of Celsius in the first quarter worth $36,511,000. Assenagon Asset Management S.A. increased its stake in shares of Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after buying an additional 820,297 shares during the period. Finally, Broad Bay Capital Management LP purchased a new position in shares of Celsius in the first quarter worth $24,374,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the sale, the chief financial officer owned 99,227 shares in the company, valued at approximately $6,449,755. The trade was a 4.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Fieldly sold 143,167 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the sale, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 605,667 shares of company stock worth $30,065,162. 2.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CELH has been the topic of several analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Morgan Stanley set a $70.00 price objective on shares of Celsius in a research report on Tuesday, September 30th. Wall Street Zen downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Zacks Research downgraded shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Jefferies Financial Group set a $72.00 price objective on shares of Celsius and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.15.

Celsius Stock Performance

Shares of CELH stock opened at $61.60 on Thursday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74. The stock has a market cap of $15.89 billion, a PE ratio of 166.49, a price-to-earnings-growth ratio of 1.29 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. The company’s fifty day moving average price is $59.03 and its 200-day moving average price is $47.42.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up 83.9% on a year-over-year basis. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Celsius 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.