Bridges Investment Management Inc. Has $2.31 Million Position in Celsius Holdings Inc. $CELH

Key Points

• Bridges Investment Management Inc. increased its stake in Celsius Holdings by 13.3%, owning 49,774 shares worth approximately $2.31 million as of the latest filing.
• Institutional investors now hold 60.95% of Celsius's stock, with notable increases from firms like Assenagon Asset Management, which raised its stake by 9,579.6%.
• Celsius achieved a net margin of 7.91% and an earnings per share (EPS) of $0.47, significantly surpassing analyst expectations during its latest earnings report.

Bridges Investment Management Inc. lifted its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 13.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,774 shares of the company's stock after acquiring an additional 5,825 shares during the period. Bridges Investment Management Inc.'s holdings in Celsius were worth $2,309,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in Celsius by 9,579.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company's stock valued at $38,451,000 after purchasing an additional 820,297 shares in the last quarter. Fifth Third Bancorp increased its stake in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Celsius during the 2nd quarter valued at $835,000. Polianta Ltd bought a new stake in Celsius during the 2nd quarter valued at $1,428,000. Finally, SWS Partners bought a new stake in Celsius during the 2nd quarter valued at $1,719,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Performance

NASDAQ CELH opened at $64.29 on Friday. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. 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 firm has a market cap of $16.58 billion, a price-to-earnings ratio of 173.76, a PEG ratio of 1.27 and a beta of 1.38. The company has a fifty day moving average price of $58.28 and a 200-day moving average price of $46.66.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The firm had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business's revenue was up 83.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, equities research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Celsius from $56.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Needham & Company LLC boosted their price target on shares of Celsius from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Stephens restated an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. UBS Group boosted their price target on shares of Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.15.

Insider Buying and Selling

In related news, major shareholder Deborah Desantis sold 100,000 shares of the business's 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 transaction, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 7,500 shares of the business's 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 completion of the transaction, the insider directly owned 37,550 shares in the company, valued at $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 600,667 shares of company stock worth $29,740,162 in the last ninety days. Corporate insiders own 2.55% of the company's stock.

Celsius Company 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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