Howe & Rusling Inc. Invests $3.10 Million in Celsius Holdings Inc. $CELH

Key Points

• Howe & Rusling Inc. has invested approximately $3.10 million in Celsius Holdings Inc. by purchasing 86,910 shares during the first quarter of the year.
• Celsius reported an earnings per share of $0.47 for its last quarter, significantly exceeding the consensus estimate of $0.23, with a year-over-year revenue increase of 83.9%.
• Analysts have been upgrading their price targets for Celsius, with Needham & Company LLC setting a target of $70.00 and several others adjusting targets upwards following positive earnings reports.

Howe & Rusling Inc. purchased a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 86,910 shares of the company's stock, valued at approximately $3,096,000.

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

Celsius Stock Up 3.0%

Shares of NASDAQ:CELH opened at $57.92 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50. The company has a 50 day moving average of $52.13 and a two-hundred day moving average of $41.79. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 156.54, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) 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 the consensus estimate of $632.13 million. During the same quarter last year, the company earned $0.28 earnings per share. Celsius's revenue for the quarter was up 83.9% on a year-over-year basis. As a group, analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CELH shares. Bank of America raised their price target on shares of Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a report on Friday, August 8th. Morgan Stanley raised 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. JPMorgan Chase & Co. raised their price target on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC raised their price target on shares of Celsius from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, September 5th. Finally, TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and increased their price objective for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Eighteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.95.

Insiders Place Their Bets

In related news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer 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. In the last quarter, insiders have sold 991,470 shares of company stock valued at $47,307,297. 2.55% of the stock is owned by insiders.

About Celsius

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.

Want to see what other hedge funds are holding CELH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celsius Holdings Inc. (NASDAQ:CELH - Free Report).

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.