Celsius Holdings Inc. $CELH Stake Raised by Kercheville Advisors LLC

Key Points

• Kercheville Advisors LLC increased its stake in Celsius Holdings by 305.4% in Q2, acquiring an additional 153,132 shares, making it the firm's 10th largest position.
• Insider Selling: Major shareholder William H. Milmoe sold 100,000 shares for approximately $4.75 million, reducing his ownership by 0.56%.
• Celsius reported earnings per share (EPS) of $0.47 for Q2, surpassing estimates, with a revenue increase of 83.9% year-over-year to $739.30 million.

Kercheville Advisors LLC grew its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 305.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,273 shares of the company's stock after acquiring an additional 153,132 shares during the quarter. Celsius comprises about 3.3% of Kercheville Advisors LLC's portfolio, making the stock its 10th largest position. Kercheville Advisors LLC owned 0.08% of Celsius worth $9,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in shares of Celsius by 9,579.6% in the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company's stock valued at $38,451,000 after acquiring an additional 820,297 shares during the period. Fifth Third Bancorp raised its stake in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after acquiring an additional 666 shares during the period. Polianta Ltd purchased a new stake in shares of Celsius in the second quarter valued at $1,428,000. SWS Partners purchased a new stake in shares of Celsius in the second quarter valued at $1,719,000. Finally, GAMMA Investing LLC raised its stake in shares of Celsius by 4,164.4% in the first quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock valued at $2,604,000 after acquiring an additional 71,378 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares of the company's stock, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,667 shares of company stock worth $27,240,162 over the last ninety days. Company insiders own 2.55% of the company's stock.

Celsius Stock Down 0.3%

CELH stock opened at $58.70 on Friday. The firm has a 50 day moving average of $55.35 and a 200 day moving average of $45.00. The stock has a market capitalization of $15.14 billion, a PE ratio of 158.65, a price-to-earnings-growth ratio of 1.32 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 $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. Celsius's revenue for the quarter was up 83.9% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. Sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CELH shares. Cowen reiterated a "buy" rating on shares of Celsius in a report on Tuesday, September 2nd. B. Riley lifted their price objective on shares of Celsius from $56.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Citigroup reiterated a "buy" rating on shares of Celsius in a report on Sunday, August 31st. 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. Finally, TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $55.00 in a report on Monday, June 16th. Nineteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Celsius has an average rating of "Moderate Buy" and a consensus target price of $62.40.

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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