RPG Investment Advisory LLC Has $1.03 Million Stock Position in Celsius Holdings Inc. $CELH

Key Points

• RPG Investment Advisory LLC increased its stake in Celsius Holdings Inc. by 183.3%, owning a total of 28,900 shares valued at approximately $1,029,000.
• The company reported strong earnings, with an EPS of $0.47 and revenue of $739.30 million for the last quarter, surpassing analyst expectations.
• Institutional investors now own 60.95% of Celsius stock, highlighting significant interest from large investment firms.

RPG Investment Advisory LLC raised its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 183.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 28,900 shares of the company's stock after acquiring an additional 18,700 shares during the quarter. RPG Investment Advisory LLC's holdings in Celsius were worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CELH. Westside Investment Management Inc. bought a new position in shares of Celsius in the first quarter valued at $32,000. Summit Securities Group LLC purchased a new position in Celsius in the 1st quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares during the last quarter. UMB Bank n.a. raised its holdings in Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after buying an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares during the period. 60.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares of the company's stock, valued at $6,253,620. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,116,141 shares of company stock worth $52,541,605. Company insiders own 2.55% of the company's stock.

Celsius Price Performance

CELH stock traded down $1.33 on Monday, reaching $60.19. 4,845,273 shares of the company's stock were exchanged, compared to its average volume of 8,191,649. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The firm has a market cap of $15.53 billion, a PE ratio of 162.68, a P/E/G ratio of 1.40 and a beta of 1.40. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.00. The stock has a fifty day moving average of $48.40 and a 200-day moving average of $38.87.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same quarter last year, the company earned $0.28 earnings per share. The business's revenue for the quarter was up 83.9% compared to the same quarter last year. As a group, equities analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of research reports. Needham & Company LLC raised their price objective on shares of Celsius from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Morgan Stanley upped their price objective on shares of Celsius from $42.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Wells Fargo & Company upped their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Roth Capital reaffirmed a "buy" rating and issued a $52.00 price objective (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, Citigroup restated a "buy" rating and issued a $60.00 price objective (up previously from $55.00) on shares of Celsius in a research report on Friday, August 8th. Fifteen 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.28.

Celsius Company Profile

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.