Compagnie Lombard Odier SCmA Takes $260,000 Position in Celsius Holdings Inc. $CELH

Key Points

• Compagnie Lombard Odier SCmA acquired 5,600 shares of Celsius Holdings Inc. valued at approximately $260,000, marking a new stake in the company.
• A number of institutional investors have also increased their holdings in Celsius, with Alliancebernstein L.P. raising its stake by 26.3% during the last quarter.
• Analysts have mixed opinions on Celsius, with 18 analysts"Moderate Buy."

Compagnie Lombard Odier SCmA acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,600 shares of the company's stock, valued at approximately $260,000.

A number of other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock worth $642,769,000 after purchasing an additional 3,753,055 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Celsius by 1.8% during the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock worth $85,303,000 after purchasing an additional 42,997 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Celsius by 6.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company's stock worth $72,789,000 after buying an additional 116,273 shares during the last quarter. MIG Capital LLC boosted its holdings in shares of Celsius by 42.7% in the 1st quarter. MIG Capital LLC now owns 1,575,939 shares of the company's stock valued at $56,135,000 after buying an additional 471,287 shares during the period. Finally, Northern Trust Corp grew its position in shares of Celsius by 4.7% during the 1st quarter. Northern Trust Corp now owns 1,411,449 shares of the company's stock valued at $50,276,000 after buying an additional 63,787 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CELH shares. Wall Street Zen downgraded Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Roth Capital upped their price objective on Celsius from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Mizuho raised their target price on Celsius from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Morgan Stanley boosted their price target on shares of Celsius from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Tuesday, September 2nd. Finally, Piper Sandler increased their price objective on shares of Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Eighteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.95.

Insider Activity at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction 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 completion of the sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their ownership of the stock. 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 the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the sale, the chief executive officer directly owned 895,410 shares of the company's stock, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 860,667 shares of company stock worth $41,421,162. Insiders own 2.20% of the company's stock.

Celsius Price Performance

CELH stock opened at $51.01 on Wednesday. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $63.50. The firm has a 50-day moving average of $53.59 and a two-hundred day moving average of $43.48. The firm has a market capitalization of $13.16 billion, a PE ratio of 137.86, a P/E/G ratio of 1.16 and a beta of 1.34. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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

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.

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