Celsius Holdings Inc. $CELH Shares Acquired by Engineers Gate Manager LP

Key Points

• Institutional ownership increased: Engineers Gate Manager LP raised its Celsius stake by 470.8% to 87,492 shares, while other major investors—including California State Teachers Retirement System and Geode Capital—also added shares. Institutions and hedge funds own 60.95% of CELH.
• Insider buying signals confidence: CEO John Fieldly purchased 18,000 shares at an average price of $27.44, increasing his holdings by 1.92%.
• Mixed performance and analyst outlook: Celsius shares opened at $28.45 after a 4.5% gain, but the company missed quarterly earnings and revenue estimates. Analysts maintain a “Moderate Buy” consensus with a $43.38 average price target, despite several recent target and rating reductions.

Engineers Gate Manager LP increased its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 470.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,492 shares of the company's stock after buying an additional 72,163 shares during the period. Engineers Gate Manager LP's holdings in Celsius were worth $2,562,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in Celsius by 3,171.1% during the second quarter. California State Teachers Retirement System now owns 5,878,897 shares of the company's stock worth $172,134,000 after acquiring an additional 5,699,173 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Celsius by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company's stock valued at $163,112,000 after purchasing an additional 277,424 shares during the last quarter. Norges Bank acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $140,803,000. BNP Paribas Financial Markets increased its stake in shares of Celsius by 0.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,728,735 shares of the company's stock worth $79,072,000 after purchasing an additional 15,565 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Celsius during the 4th quarter worth approximately $70,632,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly bought 18,000 shares of Celsius stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the transaction, the chief executive officer owned 956,063 shares of the company's stock, valued at $26,234,368.72. This represents a 1.92% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.33% of the company's stock.

Celsius Trading Up 4.5%

Shares of CELH opened at $28.45 on Tuesday. The stock has a fifty day moving average of $29.86 and a two-hundred day moving average of $32.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The company has a market capitalization of $7.20 billion, a PE ratio of 118.54, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. Celsius Holdings Inc. has a fifty-two week low of $23.56 and a fifty-two week high of $66.74.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The business had revenue of $817.93 million for the quarter, compared to analysts' expectations of $870.08 million. Celsius had a return on equity of 36.52% and a net margin of 4.24%.The company's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. As a group, analysts forecast that Celsius Holdings Inc. will post 1.45 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CELH shares. Weiss Ratings lowered Celsius from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Jefferies Financial Group reissued a "buy" rating on shares of Celsius in a research report on Tuesday, May 19th. Bank of America cut their price target on Celsius from $55.00 to $45.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. Stephens reduced their price objective on Celsius from $65.00 to $50.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Finally, Sanford C. Bernstein lowered Celsius from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $44.00 to $26.00 in a research note on Friday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.38.

Celsius Company Profile

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.

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