Fortis Capital Advisors LLC Invests $829,000 in Celsius Holdings Inc. $CELH

Key Points

• Fortis Capital Advisors LLC invested $829,000 in Celsius Holdings Inc. during the second quarter, acquiring 17,878 shares.
• Assenagon Asset Management significantly raised its stake in Celsius by 9,579.6%, owning 828,860 shares worth approximately $38.45 million.
• Celsius has received a consensus rating of "Moderate Buy", with an average price target of $62.40 from nineteen analysts.

Fortis Capital Advisors LLC bought a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,878 shares of the company's stock, valued at approximately $829,000.

Several other large 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 worth $38,451,000 after acquiring an additional 820,297 shares during the last quarter. 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 worth $61,000 after acquiring an additional 666 shares during the last quarter. Polianta Ltd bought a new position in shares of Celsius in the second quarter worth about $1,428,000. SWS Partners bought a new position in shares of Celsius in the second quarter worth about $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 worth $2,604,000 after acquiring an additional 71,378 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Cowen reissued a "buy" rating on shares of Celsius in a research note on Tuesday, September 2nd. Bank of America boosted their price target on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Roth Capital reissued a "buy" rating on shares of Celsius in a research note on Thursday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Celsius in a research note on Saturday, September 27th. Nineteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.40.

Celsius Stock Performance

Shares of CELH stock opened at $58.70 on Friday. The company's fifty day simple moving average is $55.35 and its 200-day simple moving average is $44.91. 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 $15.14 billion, a PE ratio of 158.65, a P/E/G ratio of 1.32 and a beta of 1.38. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.50.

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

Insiders Place Their Bets

In related news, insider Paul H. Storey sold 7,500 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the transaction, the insider directly owned 37,550 shares in the company, valued at approximately $2,287,921.50. This represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder William H. Milmoe sold 100,000 shares of the 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 sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,667 shares of company stock valued at $27,240,162 in the last three months. Insiders own 2.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.