Cynosure Group LLC Has $932,000 Position in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Cynosure Group LLC increased its holdings in Celsius Holdings Inc. by 24.2%, acquiring an additional 5,095 shares and bringing its total to 26,155 shares valued at approximately $932,000.
• Major shareholders, including William H. Milmoe and Deborah Desantis, sold 100,000 shares each at an average price of $47.50, resulting in a decrease of 0.56% in their stock ownership.
• Celsius reported earnings of $0.47 per share for the last quarter, significantly exceeding analysts' expectations, with revenue reaching $739.3 million, up 83.9% year-over-year.

Cynosure Group LLC grew its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 24.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 26,155 shares of the company's stock after acquiring an additional 5,095 shares during the period. Cynosure Group LLC's holdings in Celsius were worth $932,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. American Assets Inc. acquired a new stake in shares of Celsius during the fourth quarter worth $1,054,000. Aviva PLC increased its position in shares of Celsius by 17.4% during the fourth quarter. Aviva PLC now owns 21,530 shares of the company's stock worth $567,000 after buying an additional 3,187 shares during the period. FMR LLC increased its position in shares of Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after buying an additional 1,585,839 shares during the period. Cerity Partners LLC increased its position in shares of Celsius by 6.5% during the fourth quarter. Cerity Partners LLC now owns 20,003 shares of the company's stock worth $537,000 after buying an additional 1,226 shares during the period. Finally, FIL Ltd increased its position in shares of Celsius by 4.4% during the fourth quarter. FIL Ltd now owns 265,682 shares of the company's stock worth $6,998,000 after buying an additional 11,083 shares during the period. Institutional investors own 60.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Celsius from $42.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Celsius from $50.00 to $56.00 and gave the company a "buy" rating in a report on Friday. Needham & Company LLC reiterated a "buy" rating and set a $60.00 price objective (up from $55.00) on shares of Celsius in a report on Thursday. Truist Financial lifted their price objective on shares of Celsius from $55.00 to $65.00 and gave the company a "buy" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Celsius from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.28.

Celsius Stock Performance

Celsius stock traded up $2.05 during midday trading on Monday, reaching $54.00. 10,726,933 shares of the company traded hands, compared to its average volume of 6,475,368. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 145.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.40. The business has a 50 day moving average of $44.83 and a two-hundred day moving average of $36.40. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $54.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76.

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

Insider Activity

In other news, major shareholder William H. Milmoe sold 100,000 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,111,141 shares of company stock valued at $52,241,605. 2.20% of the stock is currently owned by corporate insiders.

Celsius 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.