Arkadios Wealth Advisors Raises Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Arkadios Wealth Advisors increased its position in Celsius Holdings by 169.1% in the first quarter, acquiring 16,454 additional shares, bringing its total to 26,187 shares valued at approximately $933,000.
• Several institutional investors, including Spire Wealth Management and TD Private Client Wealth LLC, also increased their stakes in Celsius Holdings during the same period.
• Analysts have a largely positive outlook on Celsius stock, with a consensus rating of "Moderate Buy" and an average price target of $47.83, following recent upgrades from firms like Wells Fargo and UBS Group.

Arkadios Wealth Advisors raised its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 169.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,187 shares of the company's stock after acquiring an additional 16,454 shares during the period. Arkadios Wealth Advisors' holdings in Celsius were worth $933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management grew its stake in Celsius by 41.5% during the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company's stock worth $1,065,000 after buying an additional 11,863 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after buying an additional 666 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Celsius by 4,164.4% during the first quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock worth $2,604,000 after buying an additional 71,378 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Celsius by 14.0% during the first quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company's stock valued at $348,000 after buying an additional 1,199 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Celsius by 21.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,517 shares of the company's stock valued at $1,621,000 after acquiring an additional 8,009 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Down 5.4%

NASDAQ:CELH traded down $2.44 during trading hours on Tuesday, hitting $42.74. 7,657,605 shares of the stock were exchanged, compared to its average volume of 4,476,504. The firm's fifty day moving average price is $43.79 and its 200 day moving average price is $35.68. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $48.47. The company has a market cap of $11.02 billion, a P/E ratio of 133.57, a P/E/G ratio of 1.60 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same period in the prior year, the company posted $0.27 earnings per share. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the transaction, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 962,974 shares of company stock valued at $44,658,418. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CELH shares. Stifel Nicolaus increased their price objective on Celsius from $47.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. B. Riley increased their price target on shares of Celsius from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Piper Sandler upped their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. UBS Group raised their target price on shares of Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and boosted their target price for the company from $37.00 to $55.00 in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Celsius has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

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.