Highland Capital Management LLC Buys New Stake in Celsius Holdings Inc. $CELH

Key Points

• Highland Capital Management LLC has acquired a new stake in Celsius Holdings Inc., purchasing 37,512 shares valued at approximately $1.74 million during Q2.
• Investment analysts are optimistic about Celsius, with 19 analysts rating the stock as a "Buy" and a boosted average price target ranging from $60.00 to $70.00.
• Recent earnings results showed a significant year-over-year revenue increase of 83.9%, with EPS of $0.47 surpassing expectations of $0.23.

Highland Capital Management LLC purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,512 shares of the company's stock, valued at approximately $1,740,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Celsius by 4,164.4% during the 1st 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 in the last quarter. Parallel Advisors LLC raised its stake in shares of Celsius by 102.2% during the first quarter. Parallel Advisors LLC now owns 2,382 shares of the company's stock valued at $85,000 after purchasing an additional 1,204 shares during the period. UMB Bank n.a. lifted its position in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after purchasing an additional 844 shares in the last quarter. Bennett Selby Investments LP lifted its position in shares of Celsius by 9.6% during the first quarter. Bennett Selby Investments LP now owns 56,585 shares of the company's stock worth $2,016,000 after purchasing an additional 4,940 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Celsius in the first quarter valued at $203,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CELH. Piper Sandler boosted 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. Morgan Stanley set a $70.00 target price on Celsius in a research report on Tuesday, September 30th. Citigroup reissued a "buy" rating on shares of Celsius in a report on Sunday, August 31st. Stephens restated an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Celsius in a research report on Thursday. Nineteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Celsius presently has a consensus rating of "Moderate Buy" and an average price target of $62.40.

Celsius Trading Down 0.3%

Shares of NASDAQ:CELH opened at $58.70 on Monday. 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 company's 50-day moving average price is $55.35 and its 200 day moving average price is $45.10. The company 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 fifty-two week low of $21.10 and a fifty-two week high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping 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 firm had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Celsius's quarterly revenue was up 83.9% on a year-over-year basis. Sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the sale, the insider directly owned 37,550 shares in the company, valued at $2,287,921.50. This trade represents a 16.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the business's 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 transaction, the insider owned 17,717,770 shares of the company's stock, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,667 shares of company stock worth $27,240,162 over the last quarter. Insiders own 2.20% of the company's stock.

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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