Linden Thomas Advisory Services LLC Boosts Position in Celsius Holdings Inc. $CELH

Linden Thomas Advisory Services LLC increased its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,576 shares of the company’s stock after acquiring an additional 659 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Celsius were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in Celsius by 26.3% in the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the last quarter. Invesco Ltd. raised its position in shares of Celsius by 1.8% during the 1st quarter. Invesco Ltd. now owns 2,394,811 shares of the company’s stock valued at $85,303,000 after buying an additional 42,997 shares during the period. Ameriprise Financial Inc. lifted its holdings in Celsius by 6.0% in the first quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company’s stock valued at $72,789,000 after acquiring an additional 116,273 shares during the last quarter. MIG Capital LLC grew its position in Celsius by 42.7% in the first quarter. MIG Capital LLC now owns 1,575,939 shares of the company’s stock worth $56,135,000 after acquiring an additional 471,287 shares during the period. Finally, Northern Trust Corp increased its stake in Celsius by 4.7% during the first quarter. Northern Trust Corp now owns 1,411,449 shares of the company’s stock worth $50,276,000 after acquiring an additional 63,787 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Up 2.3%

Shares of CELH stock opened at $63.35 on Monday. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $66.74. The company has a 50 day moving average price of $59.26 and a 200 day moving average price of $47.98. The stock has a market capitalization of $16.34 billion, a P/E ratio of 171.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. 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 (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. The company 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 firm’s revenue was up 83.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Equities research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity

In other Celsius news, CEO John Fieldly sold 143,167 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was 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 $45,827,083.80. This represents a 13.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer directly owned 99,227 shares in the company, valued at $6,449,755. This represents a 4.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 405,667 shares of company stock worth $20,665,162 over the last three months. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their price target on Celsius from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday. Roth Capital restated a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Maxim Group increased their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen cut shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, Needham & Company LLC boosted their price target on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $64.45.

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.