Celsius Holdings Inc. $CELH Shares Newly Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors acquired 607,804 Celsius shares in the third quarter, worth about $16.6 million and representing roughly 0.24% of the company. Institutional investors collectively own 60.95% of Celsius.
• Celsius beat third-quarter expectations, reporting earnings of $0.41 per share and revenue of $847.2 million, up 16.8% year over year. Growth was supported by Alani Nu and international sales, while weakness in the flagship brand and margin pressures remain concerns.
• Two directors bought a combined 28,000 shares in September, and insiders purchased 66,000 shares worth about $1.83 million over three months. Analysts’ average price target is $42.39, with a consensus “Moderate Buy” rating.

Calamos Advisors LLC acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 607,804 shares of the company's stock, valued at approximately $16,623,000. Calamos Advisors LLC owned about 0.24% of Celsius as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CELH. Hartford Financial Management Inc. purchased a new position in shares of Celsius in the third quarter worth about $27,000. Continuum Advisory LLC bought a new stake in shares of Celsius in the second quarter valued at approximately $31,000. Summit Securities Group LLC bought a new stake in shares of Celsius in the first quarter valued at approximately $56,000. Ancora Advisors LLC purchased a new stake in shares of Celsius during the 2nd quarter valued at approximately $64,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Celsius during the 1st quarter valued at approximately $69,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Hal Kravitz purchased 12,000 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $28.00 per share, with a total value of $336,000.00. Following the acquisition, the director directly owned 239,158 shares in the company, valued at approximately $6,696,424. This trade represents a 5.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Damon DeSantis purchased 16,000 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $27.95 per share, with a total value of $447,200.00. Following the completion of the acquisition, the director owned 2,728,187 shares in the company, valued at approximately $76,252,826.65. This trade represents a 0.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 66,000 shares of company stock worth $1,830,120 in the last three months. 2.33% of the stock is currently owned by corporate insiders.

Key Celsius News

Here are the key news stories impacting Celsius this week:

• Positive Sentiment: Third-quarter earnings were $0.41 per share versus $0.34 expected, and revenue of $847.2 million topped the $800.6 million consensus estimate, rising 16.8% year over year. Alani Nu and international sales helped drive growth. CELH Q3 Earnings Top Estimates as Alani Nu Drives Revenue Growth
• Positive Sentiment: The company is targeting longer-term growth through a new three-brand operating structure and expects non-U.S. revenue to exceed 15% of total revenue within five years. Celsius outlines international revenue goal and new brand-led units
• Neutral Sentiment: Analyst target changes were mixed: Needham raised its target to $40, while B. Riley and Stifel lowered theirs to $53 and $36, respectively, even as B. Riley reaffirmed its Buy rating. Stifel lowers Celsius price target
• Negative Sentiment: Flagship CELSIUS brand weakness, commodity inflation and margin pressure temper the strong sales report and could complicate the company’s recovery plans. CELH Q3 Earnings Call Highlights Alani Nu Growth and Margin Pressure

Celsius Trading Up 7.1%

Shares of Celsius stock opened at $32.16 on Friday. The company's 50-day moving average price is $28.75 and its 200-day moving average price is $34.13. The company has a current ratio of 1.97, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. Celsius Holdings Inc. has a 12-month low of $23.56 and a 12-month high of $59.31. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.35 and a beta of 1.00.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $847.23 million during the quarter, compared to analysts' expectations of $800.63 million. Celsius had a net margin of 10.01% and a return on equity of 37.00%. Celsius's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.27) earnings per share. On average, equities analysts expect that Celsius Holdings Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Celsius from a "sell" rating to a "hold" rating in a report on Sunday, October 4th. Maxim Group lowered shares of Celsius from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut shares of Celsius from a "buy" rating to a "hold" rating and set a $35.00 target price on the stock. in a report on Thursday, August 27th. Jefferies Financial Group reissued a "buy" rating and set a $42.00 target price on shares of Celsius in a report on Tuesday, October 6th. Finally, B. Riley Financial restated a "buy" rating and set a $53.00 target price (down from $56.00) on shares of Celsius in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.39.

Celsius Company Profile

Celsius Holdings, Inc NASDAQ: CELH develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.

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