Celsius Holdings Inc. $CELH Shares Purchased by Marshall Wace LLP

Marshall Wace LLP increased its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 209.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,284,616 shares of the company’s stock after acquiring an additional 869,207 shares during the period. Marshall Wace LLP’s holdings in Celsius were worth $59,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd purchased a new position in shares of Celsius during the 1st quarter worth $1,275,000. US Bancorp DE lifted its position in Celsius by 13.1% in the first quarter. US Bancorp DE now owns 12,922 shares of the company’s stock valued at $460,000 after buying an additional 1,498 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Celsius by 22.2% in the first quarter. PNC Financial Services Group Inc. now owns 10,829 shares of the company’s stock valued at $386,000 after buying an additional 1,970 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Celsius by 102.0% during the first quarter. Atria Wealth Solutions Inc. now owns 46,105 shares of the company’s stock valued at $1,642,000 after acquiring an additional 23,282 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Celsius by 13.9% in the 1st quarter. Deutsche Bank AG now owns 10,408 shares of the company’s stock valued at $371,000 after acquiring an additional 1,269 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other news, Director Hal Kravitz acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $45.24 per share, with a total value of $452,400.00. Following the transaction, the director owned 216,147 shares in the company, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, October 10th. The stock was sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the sale, the insider directly owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CELH. Cowen reaffirmed a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Celsius in a research note on Thursday, November 6th. Piper Sandler increased their target price on Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Zacks Research downgraded Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Celsius in a research note on Thursday, September 11th. They set a “buy” rating and a $72.00 price target on the stock. Twenty investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.95.

Celsius Price Performance

Shares of NASDAQ CELH opened at $42.06 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.89 and a quick ratio of 1.61. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 420.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.01. The stock’s 50-day moving average is $52.60 and its two-hundred day moving average is $50.07. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The business had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. The firm’s quarterly revenue was up 172.9% on a year-over-year basis. Analysts forecast 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.