Lord Abbett & CO. LLC Invests $36.51 Million in Celsius Holdings Inc. $CELH

Key Points

• Lord Abbett & CO. LLC invested approximately $36.51 million in Celsius Holdings, acquiring 1,025,000 shares, representing about 0.40% of the company's total stock.
• CEO John Fieldly sold 143,167 shares for over $7.3 million, reducing his ownership by 13.78%, while over the last quarter, Celsius insiders sold a total of $52.24 million in company stock.
• Celsius Holdings reported a 83.9% increase in revenue year-over-year for the last quarter, with an EPS of $0.47, surpassing analyst estimates of $0.23.

Lord Abbett & CO. LLC purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,025,000 shares of the company's stock, valued at approximately $36,511,000. Lord Abbett & CO. LLC owned approximately 0.40% of Celsius at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in Celsius during the 1st quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the period. UMB Bank n.a. raised its stake in Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after acquiring an additional 844 shares during the period. Fifth Third Bancorp grew its holdings in 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 buying an additional 666 shares in the last quarter. Finally, Peterson Wealth Services purchased a new position in shares of Celsius during the first quarter worth about $66,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $255,900.00. Following the completion of the transaction, the chief financial officer owned 109,227 shares of the company's stock, valued at $5,590,237.86. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction that occurred on 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 directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,111,141 shares of company stock worth $52,241,605. Company insiders own 2.55% of the company's stock.

Celsius Price Performance

CELH stock traded down $1.2120 on Tuesday, reaching $59.9880. The company had a trading volume of 4,945,038 shares, compared to its average volume of 8,244,649. The company's fifty day moving average is $46.51 and its 200 day moving average is $37.52. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The company has a market cap of $15.47 billion, a P/E ratio of 162.68, a PEG ratio of 1.31 and a beta of 1.40. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $61.90.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm's quarterly revenue was up 83.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group lifted their target price on Celsius from $57.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Piper Sandler raised their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Maxim Group lifted their target price on Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price target on Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Fifteen 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.28.

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.