Celsius Holdings Inc. $CELH Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its ownership in Celsius Holdings Inc. by 70.3% during the first quarter, now holding 80,180 shares valued at approximately $2.86 million.
• Celsius CEO John Fieldly and major shareholder William H. Milmoe both sold large quantities of shares recently, indicating a trend of insider selling.
• Celsius reported strong earnings for the last quarter, with an EPS of $0.47 exceeding analyst expectations and revenue growth of 83.9% year-over-year.

Algert Global LLC lifted its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 70.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,180 shares of the company's stock after purchasing an additional 33,110 shares during the period. Algert Global LLC's holdings in Celsius were worth $2,856,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its holdings in shares of Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the period. Invesco Ltd. boosted its holdings in shares of Celsius by 1.8% in the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock valued at $85,303,000 after purchasing an additional 42,997 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Celsius by 32.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company's stock valued at $50,761,000 after purchasing an additional 468,094 shares during the period. Northern Trust Corp boosted its holdings in shares of Celsius by 15.7% in the fourth quarter. Northern Trust Corp now owns 1,347,662 shares of the company's stock valued at $35,497,000 after purchasing an additional 183,163 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Celsius in the first quarter valued at approximately $36,511,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the topic of several research reports. Roth Capital reissued a "buy" rating and set a $52.00 price objective (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Maxim Group lifted their price objective on shares of Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stephens reissued an "overweight" rating on shares of Celsius in a report on Monday, August 11th. UBS Group lifted their price objective on shares of Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average target price of $52.28.

Celsius Stock Performance

Shares of CELH traded down $1.3070 during trading hours on Monday, reaching $60.2130. 3,150,228 shares of the company traded hands, compared to its average volume of 8,180,229. The stock has a market capitalization of $15.53 billion, a P/E ratio of 162.68, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.00. The business has a fifty day moving average price of $48.07 and a 200-day moving average price of $38.60.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. The firm had revenue of $739.30 million for 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 quarterly revenue was up 83.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Equities analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In other news, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the sale, the chief executive officer directly owned 895,410 shares of the company's stock, valued at $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer directly owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,116,141 shares of company stock valued at $52,541,605 over the last three months. 2.55% of the stock is owned by corporate insiders.

About Celsius

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.