Broad Bay Capital Management LP Acquires Shares of 684,271 Celsius Holdings Inc. $CELH

Key Points

• Broad Bay Capital Management LP acquired a substantial new stake in Celsius Holdings Inc. worth approximately $24.37 million, making it the firm's 12th largest position.
• A significant percentage of Celsius's shares, about 60.95%, are currently owned by institutional investors and hedge funds, indicating strong investor interest.
• Recent insider sales included 143,167 shares sold by CEO John Fieldly, marking a 13.78% decrease in his ownership, amid a market environment where Celsius stock has experienced ongoing evaluations by analysts.

Broad Bay Capital Management LP acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 684,271 shares of the company's stock, valued at approximately $24,374,000. Celsius accounts for about 3.6% of Broad Bay Capital Management LP's holdings, making the stock its 12th biggest position. Broad Bay Capital Management LP owned 0.27% of Celsius at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in Celsius during the first quarter worth approximately $32,000. Summit Securities Group LLC purchased a new stake in Celsius during the first quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its stake in Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after buying an additional 750 shares during the period. UMB Bank n.a. grew its stake in Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after buying an additional 844 shares during the period. Finally, Fifth Third Bancorp grew its stake in Celsius by 62.9% during 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 period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CELH has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Citigroup reissued a "buy" rating on shares of Celsius in a research report on Sunday. Bank of America boosted their target price on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a research report on Friday, August 8th. Finally, Maxim Group upped their price target on shares of Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a report on Friday, August 8th. Fifteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average price target of $53.61.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 143,167 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. This trade represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,116,141 shares of company stock valued at $52,541,605 over the last 90 days. Insiders own 2.20% of the company's stock.

Celsius Price Performance

CELH traded up $3.19 on Monday, reaching $62.88. The company had a trading volume of 10,289,896 shares, compared to its average volume of 8,048,595. The company has a fifty day moving average of $50.13 and a 200-day moving average of $40.23. The company has a market capitalization of $16.22 billion, a P/E ratio of 169.95, a PEG ratio of 1.43 and a beta of 1.33. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Celsius's revenue was up 83.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.