Jag Capital Management LLC Purchases Shares of 4,936 Celsius Holdings Inc. $CELH

Key Points

• Jag Capital Management LLC has acquired a stake in Celsius Holdings Inc. by purchasing 4,936 shares valued at approximately $229,000.
• Several other institutional investors have also acquired positions in Celsius, bringing the total institutional ownership to 60.95%.
• Celsius reported an earnings per share of $0.47 for the last quarter, exceeding analyst estimates and representing an 83.9% year-over-year revenue growth.

Jag Capital Management LLC purchased 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. The firm purchased 4,936 shares of the company's stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of CELH. Westside Investment Management Inc. bought a new stake in Celsius during the first quarter valued at $32,000. Summit Securities Group LLC bought a new stake in shares of Celsius during the 1st quarter valued at about $34,000. Fifth Third Bancorp boosted its position in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after acquiring an additional 666 shares during the last quarter. Peterson Wealth Services bought a new stake in shares of Celsius during the 1st quarter valued at about $66,000. Finally, Golden State Wealth Management LLC lifted its position in Celsius by 124.7% during the first quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company's stock valued at $71,000 after purchasing an additional 1,106 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CELH shares. UBS Group lifted their target price on shares of Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Stephens reaffirmed an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Wall Street Zen downgraded shares of Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Jefferies Financial Group set a $72.00 price target on Celsius and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, Truist Financial lifted their price target on Celsius from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Celsius Stock Up 0.7%

CELH opened at $61.14 on Tuesday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $64.81. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The business's 50-day moving average price is $57.21 and its 200-day moving average price is $46.24. The company has a market cap of $15.77 billion, a P/E ratio of 165.24, a P/E/G ratio of 1.22 and a beta of 1.38.

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, beating analysts' consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. During the same quarter in the previous year, the company posted $0.28 EPS. Celsius's revenue for the quarter was up 83.9% on a year-over-year basis. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer directly owned 104,227 shares of the company's stock, valued at approximately $6,253,620. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 560,667 shares of company stock valued at $27,240,162. Insiders own 2.20% 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.

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