Celsius Holdings Inc. $CELH Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. significantly increased its stake in Celsius Holdings Inc. by 9,579.6%, acquiring an additional 820,297 shares in the second quarter, bringing its total ownership to approximately $38.45 million.
• Celsius recently reported a strong quarterly performance with earnings per share of $0.47, surpassing estimates, and a revenue increase of 83.9% year-over-year, totaling $739.30 million.
• CEO John Fieldly sold 143,167 shares of Celsius stock, indicating a 13.78% decrease in his position, while insiders have sold a total of nearly $47.31 million worth of shares in the last quarter.

Assenagon Asset Management S.A. grew its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 9,579.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 828,860 shares of the company's stock after purchasing an additional 820,297 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of Celsius worth $38,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Alliancebernstein L.P. increased its stake in Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock worth $642,769,000 after acquiring an additional 3,753,055 shares during the last quarter. Invesco Ltd. increased its stake in Celsius by 1.8% during the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock worth $85,303,000 after acquiring an additional 42,997 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Celsius by 6.0% during the first quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company's stock worth $72,789,000 after acquiring an additional 116,273 shares during the last quarter. MIG Capital LLC increased its stake in Celsius by 42.7% during the first 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 during the last quarter. Finally, Northern Trust Corp increased its stake 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 acquiring an additional 63,787 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Down 6.2%

Shares of NASDAQ CELH traded down $3.39 during mid-day trading on Monday, hitting $51.34. The company had a trading volume of 10,594,221 shares, compared to its average volume of 5,200,736. The company has a market capitalization of $13.24 billion, a PE ratio of 138.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50. The business's 50-day simple moving average is $53.48 and its 200 day simple moving average is $43.43.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $632.13 million. During the same period last year, the firm earned $0.28 earnings per share. The company's revenue for the quarter was up 83.9% compared to the same quarter last year. On average, analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Paul H. Storey sold 7,500 shares of Celsius stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. 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 stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 991,470 shares of company stock valued at $47,307,297 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent analyst reports. Truist Financial raised their target price on Celsius from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. The Goldman Sachs Group began coverage on Celsius in a research note on Thursday, September 11th. They set a "buy" rating and a $72.00 target price for the company. Citigroup restated a "buy" rating on shares of Celsius in a research report on Sunday, August 31st. Stephens restated an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. Finally, B. Riley raised their price target on Celsius from $56.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.95.

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.