M & L Capital Management Ltd Acquires Shares of 30,000 Celsius Holdings Inc. $CELH

Key Points

• M & L Capital Management Ltd acquired 30,000 shares of Celsius Holdings Inc., valued at approximately $1,392,000, making it the firm's 16th largest holding.
• Insider selling includes Paul H. Storey, who sold 7,500 shares, and major shareholder William H. Milmoe, who sold 300,000 shares, reflecting a trend of insider divestment.
• Celsius reported significant earnings growth, with $739.30 million in revenue for the quarter, exceeding analysts' expectations and indicating an 83.9% year-over-year increase.

M & L Capital Management Ltd acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $1,392,000. Celsius accounts for 0.3% of M & L Capital Management Ltd's investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Voya Investment Management LLC raised its position in Celsius by 142.9% during the first quarter. Voya Investment Management LLC now owns 267,574 shares of the company's stock valued at $9,531,000 after purchasing an additional 157,410 shares during the period. Howe & Rusling Inc. bought a new position in shares of Celsius during the first quarter valued at approximately $3,096,000. Geneos Wealth Management Inc. grew its stake in shares of Celsius by 30.4% during the first quarter. Geneos Wealth Management Inc. now owns 26,804 shares of the company's stock valued at $955,000 after buying an additional 6,250 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Celsius during the first quarter valued at approximately $647,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Celsius by 14.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 433,241 shares of the company's stock valued at $15,432,000 after buying an additional 53,844 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the transaction, the insider directly owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 991,470 shares of company stock worth $47,307,297. Insiders own 2.55% of the company's stock.

Celsius Trading Down 0.2%

Shares of NASDAQ:CELH opened at $57.82 on Friday. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.50. The business's fifty day simple moving average is $52.36 and its 200-day simple moving average is $42.11. The company has a market capitalization of $14.91 billion, a PE ratio of 156.27, a P/E/G ratio of 1.31 and a beta of 1.34. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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 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 business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. During the same period last year, the business posted $0.28 EPS. The business's revenue was up 83.9% compared to the same quarter last year. As a group, equities research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CELH. Maxim Group upped their target price on Celsius from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wells Fargo & Company increased their price objective on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Stephens reissued an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Mizuho increased their price objective on Celsius from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.95.

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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