Celsius Holdings Inc. $CELH Stock: Asset One Wealth Management LLC Increases Position

Key Points

• Asset One Wealth Management increased its Celsius stake by 395.7% in the third quarter, adding 39,090 shares to hold 48,969 shares valued at about $1.34 million.
• Celsius beat quarterly estimates, reporting EPS of $0.41 versus $0.34 expected and revenue of $847.2 million versus $800.6 million; revenue rose 16.8% year over year. Flagship-brand weakness and margin pressures remain concerns.
• Analysts’ consensus rating is “Moderate Buy,” with an average target price of $42.39; institutional investors own 60.95% of the stock.

Asset One Wealth Management LLC grew its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 395.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,969 shares of the company's stock after purchasing an additional 39,090 shares during the period. Asset One Wealth Management LLC's holdings in Celsius were worth $1,339,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CELH. State Street Corp grew its position in Celsius by 4.5% in the 2nd quarter. State Street Corp now owns 5,253,654 shares of the company's stock valued at $153,861,000 after buying an additional 227,418 shares during the last quarter. Jennison Associates LLC raised its position in Celsius by 2.4% during the 1st quarter. Jennison Associates LLC now owns 1,298,521 shares of the company's stock worth $46,072,000 after buying an additional 30,327 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Celsius during the 2nd quarter worth $43,040,000. Janus Henderson Group PLC raised its position in Celsius by 35.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,058,503 shares of the company's stock worth $37,565,000 after buying an additional 276,369 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Celsius by 1.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,203,942 shares of the company's stock worth $35,251,000 after acquiring an additional 21,025 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

Shares of CELH opened at $32.16 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.97 and a debt-to-equity ratio of 0.52. Celsius Holdings Inc. has a 52-week low of $23.56 and a 52-week high of $59.31. The company has a 50-day simple moving average of $28.75 and a 200-day simple moving average of $34.13. The company has a market capitalization of $8.14 billion, a PE ratio of 35.73, a P/E/G ratio of 2.35 and a beta of 1.00.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group set a $38.00 price target on shares of Celsius in a report on Thursday, October 15th. Maxim Group lowered Celsius from a "buy" rating to a "hold" rating in a report on Friday, August 7th. The Goldman Sachs Group set a $45.00 target price on Celsius in a research report on Monday, August 10th. Citigroup cut their target price on Celsius from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their target price on Celsius from $52.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, October 26th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Celsius has an average rating of "Moderate Buy" and a consensus target price of $42.39.

Celsius News Summary

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

Insiders Place Their Bets

In other news, CEO John Fieldly bought 18,000 shares of the stock in a transaction on Thursday, September 10th. The shares were bought at an average price of $27.44 per share, with a total value of $493,920.00. Following the completion of the acquisition, the chief executive officer owned 956,063 shares of the company's stock, valued at approximately $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Damon DeSantis bought 16,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $27.95 per share, for a total transaction of $447,200.00. Following the acquisition, the director directly owned 2,728,187 shares of the company's stock, valued at $76,252,826.65. The trade was a 0.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 66,000 shares of company stock worth $1,830,120. 2.33% of the stock is owned by corporate insiders.

About Celsius

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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