Celsius Holdings Inc. $CELH Shares Purchased by Cwm LLC

Key Points

• Cwm LLC increased its ownership in Celsius Holdings by 182.1% during the second quarter, now holding approximately $960,000 worth of shares.
• Research analysts have mixed ratings for Celsius, with 19 analystsone giving a "Sell," while the average price target stands at $63.15.
• Celsius reported $0.47 EPS for the last quarter, exceeding expectations, with an 83.9% year-over-year revenue growth.

Cwm LLC lifted its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 182.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,698 shares of the company's stock after purchasing an additional 13,362 shares during the quarter. Cwm LLC's holdings in Celsius were worth $960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Spire Wealth Management raised its position in Celsius by 12.0% in the first quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after purchasing an additional 287 shares during the period. TD Private Client Wealth LLC raised its position in Celsius by 8.8% in the first quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock valued at $145,000 after purchasing an additional 328 shares during the period. GAMMA Investing LLC raised its position in Celsius by 19.7% in the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock valued at $73,000 after purchasing an additional 338 shares during the period. Hancock Whitney Corp raised its position in Celsius by 3.1% in the first quarter. Hancock Whitney Corp now owns 11,400 shares of the company's stock valued at $406,000 after purchasing an additional 344 shares during the period. Finally, UMB Bank n.a. raised its position in Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company's stock valued at $82,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Ratings Changes

CELH has been the topic of a number of research analyst reports. Wall Street Zen downgraded Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Maxim Group boosted their price objective on Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on Celsius from $56.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Roth Capital reiterated a "buy" rating on shares of Celsius in a report on Thursday, October 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $63.15.

Celsius Stock Down 1.6%

Shares of NASDAQ CELH opened at $63.40 on Wednesday. The stock has a market cap of $16.35 billion, a PE ratio of 171.35, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38. 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 52-week low of $21.10 and a 52-week high of $66.74. The business has a 50-day moving average price of $58.92 and a 200 day moving average price of $47.32.

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 analysts' expectations of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business's revenue was up 83.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Equities research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 7,500 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,287,921.50. This represents a 16.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was 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. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 605,667 shares of company stock worth $30,065,162. 2.20% of the stock is currently owned by company 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.

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