Korea Investment CORP Has $4.86 Million Stock Holdings in Celsius Holdings Inc. $CELH

Korea Investment CORP lowered its position in Celsius Holdings Inc. (NASDAQ:CELH) by 37.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,825 shares of the company’s stock after selling 63,836 shares during the quarter. Korea Investment CORP’s holdings in Celsius were worth $4,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CELH. Hantz Financial Services Inc. boosted its position in Celsius by 1,476.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after buying an additional 738 shares during the period. Summit Securities Group LLC bought a new position in shares of Celsius during the first quarter valued at $34,000. Huntington National Bank raised its stake in shares of Celsius by 939.8% during the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock valued at $55,000 after acquiring an additional 1,062 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Celsius during the second quarter worth $75,000. Finally, UMB Bank n.a. grew its stake in shares of Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock worth $82,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Up 4.1%

Shares of Celsius stock opened at $42.62 on Tuesday. The stock’s 50-day moving average is $53.43 and its 200 day moving average is $50.06. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 115.19, a PEG ratio of 1.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.Celsius’s revenue was up 172.9% on a year-over-year basis. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Piper Sandler increased their price objective on Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, September 8th. JPMorgan Chase & Co. decreased their price target on Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Maxim Group lifted their price objective on 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 Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Citigroup decreased their target price on shares of Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Twenty investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.95.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, October 10th. The shares were sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the sale, the insider directly owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hal Kravitz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $45.24 per share, for a total transaction of $452,400.00. Following the acquisition, the director directly owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 52,500 shares of company stock worth $3,281,975 over the last quarter. 2.55% of the stock is currently owned by insiders.

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.