Celsius Holdings Inc. $CELH Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its holdings in Celsius Holdings Inc. by 6.0%, owning 2,043,465 shares valued at approximately $72.79 million after acquiring an additional 116,273 shares in the last quarter.
• Celsius achieved a quarterly earnings report with $0.47 EPS, exceeding analysts' expectations by $0.24, and reported revenue growth of 83.9% year-over-year to $739.3 million.
• Several analysts have raised their price targets for Celsius stock, with ratings indicating strong optimism; Truist Financial set a buy rating with a target increase from $55 to $65.

Ameriprise Financial Inc. increased its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,043,465 shares of the company's stock after acquiring an additional 116,273 shares during the period. Ameriprise Financial Inc. owned about 0.79% of Celsius worth $72,789,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MIG Capital LLC lifted its stake in Celsius by 42.7% during the 1st 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 in the last quarter. Watts Gwilliam & Co. LLC lifted its stake in Celsius by 6.9% during the 1st quarter. Watts Gwilliam & Co. LLC now owns 15,881 shares of the company's stock worth $566,000 after acquiring an additional 1,019 shares in the last quarter. Northern Trust Corp lifted its stake in Celsius by 4.7% during the 1st 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 in the last quarter. Brooklyn Investment Group lifted its stake in Celsius by 845.2% during the 1st quarter. Brooklyn Investment Group now owns 2,363 shares of the company's stock worth $84,000 after acquiring an additional 2,113 shares in the last quarter. Finally, TriaGen Wealth Management LLC acquired a new position in Celsius during the 1st quarter worth about $506,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the topic of several research reports. Morgan Stanley increased their target price on Celsius from $42.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Citigroup restated a "buy" rating and set a $60.00 price target (up previously from $55.00) on shares of Celsius in a report on Friday, August 8th. Stephens restated an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Wells Fargo & Company upped their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Maxim Group upped their price target on Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.28.

Celsius Stock Up 5.3%

Shares of CELH traded up $3.19 during mid-day trading on Friday, reaching $62.88. The company's stock had a trading volume of 10,289,896 shares, compared to its average volume of 7,729,863. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.50. The stock has a market cap of $16.22 billion, a PE ratio of 169.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company's 50 day moving average is $49.73 and its 200 day moving average is $39.70.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business's revenue for the quarter was up 83.9% on a year-over-year basis. Equities analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,116,141 shares of company stock worth $52,541,605. Insiders own 2.55% of the company's stock.

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.