Allworth Financial LP Raises Holdings in Celsius Holdings Inc. $CELH

Key Points

• Allworth Financial LP boosted its stake in Celsius by 1,993% in Q2 to 11,135 shares (worth about $517,000); institutional investors now own 60.95% of the stock, led by large holders such as AllianceBernstein (18.0M shares).
• Earnings beat: Celsius reported $0.42 EPS versus a $0.28 estimate and revenue of $725.1M (up 172.9% year-over-year); the company has a market cap of $11.03B and a P/E of 115.65 with a 52-week range of $21.10–$66.74.
• Insider selling has been notable (57,500 shares sold in the last 90 days, including sales by Paul H. Storey and CFO Jarrod Langhans), while analysts maintain a consensus "Moderate Buy" rating with an average target of $62.95.

Allworth Financial LP lifted its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 1,993.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,135 shares of the company's stock after buying an additional 10,603 shares during the quarter. Allworth Financial LP's holdings in Celsius were worth $517,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Celsius

In other Celsius news, insider Paul H. Storey sold 7,500 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider directly owned 37,550 shares of the company's stock, valued at $2,287,921.50. This trade represents a 16.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 99,227 shares of the company's stock, valued at approximately $6,449,755. This represents a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 57,500 shares of company stock worth $3,581,975. Corporate insiders own 2.55% of the company's stock.

Celsius Stock Performance

Celsius stock opened at $42.79 on Friday. 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 moving average of $56.81 and a two-hundred day moving average of $49.64. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 115.65, a PEG ratio of 1.25 and a beta of 1.34. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $66.74.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $725.11 million for 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 quarterly revenue was up 172.9% compared to the same quarter last year. On average, analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho increased their target price on shares of Celsius from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. Truist Financial upped their price target on Celsius from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 8th. JPMorgan Chase & Co. reduced their price objective on Celsius from $76.00 to $68.00 and set an "overweight" rating for the company in a report on Friday, November 7th. B. Riley upped their target price on Celsius from $56.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, Morgan Stanley set a $70.00 price target on Celsius in a research note on Tuesday, September 30th. Twenty analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.95.

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.

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