Bayforest Capital Ltd Takes $647,000 Position in Celsius Holdings Inc. $CELH

Key Points

• Bayforest Capital Ltd has invested approximately $647,000 in Celsius Holdings Inc. by acquiring 18,174 shares in the first quarter of the year.
• Celsius Holdings reported a quarterly earnings per share of $0.47, significantly beating analyst estimates of $0.23, alongside revenues that rose 83.9% year-over-year to $739.30 million.
• Institutional investors hold approximately 60.95% of Celsius stock, with significant increases in stakes reported from other hedge funds like Triumph Capital Management and GAMMA Investing LLC.

Bayforest Capital Ltd purchased a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,174 shares of the company's stock, valued at approximately $647,000.

A number of other hedge funds also recently added to or reduced their stakes in CELH. American Assets Inc. purchased a new stake in Celsius in the fourth quarter worth about $1,054,000. Triumph Capital Management lifted its stake in Celsius by 41.5% in the fourth quarter. Triumph Capital Management now owns 40,420 shares of the company's stock worth $1,065,000 after acquiring an additional 11,863 shares during the period. Cresset Asset Management LLC lifted its stake in Celsius by 11.4% in the fourth quarter. Cresset Asset Management LLC now owns 11,934 shares of the company's stock worth $314,000 after acquiring an additional 1,223 shares during the period. Janus Henderson Group PLC raised its holdings in Celsius by 97.1% in the fourth quarter. Janus Henderson Group PLC now owns 108,284 shares of the company's stock worth $2,853,000 after purchasing an additional 53,344 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its holdings in Celsius by 26.1% in the fourth quarter. Investment Management Corp of Ontario now owns 13,520 shares of the company's stock worth $356,000 after purchasing an additional 2,798 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 0.2%

Shares of CELH traded down $0.10 during mid-day trading on Friday, hitting $57.82. 3,089,461 shares of the company traded hands, compared to its average volume of 5,666,863. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.91 billion, a PE ratio of 156.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.34. The business has a 50 day moving average of $52.36 and a 200 day moving average of $42.00.

Celsius (NASDAQ:CELH - Get Free Report) last posted 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 net margin of 7.91% and a return on equity of 36.88%. The firm 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 company posted $0.28 earnings per share. The company's revenue for the quarter was up 83.9% compared to the same quarter last year. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling

In other Celsius news, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction that occurred on 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 approximately $841,594,075. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 991,470 shares of company stock worth $47,307,297 in the last quarter. 2.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Cowen reiterated a "buy" rating on shares of Celsius in a report on Tuesday, September 2nd. UBS Group boosted their target price on shares of Celsius from $64.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Maxim Group boosted their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Mizuho boosted their target price on shares of Celsius from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. Finally, Roth Capital boosted their target price on shares of Celsius from $58.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average target price of $61.95.

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.