Foundations Investment Advisors LLC Buys 4,846 Shares of Celsius Holdings Inc. $CELH

Foundations Investment Advisors LLC increased its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 39.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,177 shares of the company’s stock after buying an additional 4,846 shares during the period. Foundations Investment Advisors LLC’s holdings in Celsius were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFM Investors Pty Ltd purchased a new position in shares of Celsius in the 1st quarter worth $1,275,000. Envestnet Asset Management Inc. increased its position in Celsius by 11.3% during the first quarter. Envestnet Asset Management Inc. now owns 180,371 shares of the company’s stock valued at $6,425,000 after acquiring an additional 18,281 shares during the last quarter. CWM LLC lifted its holdings in Celsius by 114.0% in the first quarter. CWM LLC now owns 7,336 shares of the company’s stock valued at $261,000 after acquiring an additional 3,908 shares during the period. Wealthfront Advisers LLC boosted its position in Celsius by 21.2% in the first quarter. Wealthfront Advisers LLC now owns 13,509 shares of the company’s stock worth $481,000 after purchasing an additional 2,365 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Celsius during the 1st quarter valued at about $290,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction 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 $13,827,812.50. This trade represents a 15.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hal Kravitz bought 10,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost 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 represents a 4.85% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 52,500 shares of company stock valued at $3,281,975. 2.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Wall Street Zen lowered Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Cowen reiterated a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Finally, Maxim Group boosted 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. Twenty 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.95.

Celsius Trading Up 1.2%

Shares of CELH stock opened at $40.64 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a fifty day simple moving average of $56.19 and a two-hundred day simple moving average of $49.82. The firm has a market capitalization of $10.48 billion, a PE ratio of 109.84, a PEG ratio of 1.25 and a beta of 1.34. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $66.74.

Celsius (NASDAQ:CELH) last released its quarterly earnings data 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 firm had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business’s revenue for the quarter was up 172.9% on a year-over-year basis. On average, analysts predict 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.