MIG Capital LLC Buys 471,287 Shares of Celsius Holdings Inc. $CELH

Key Points

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MIG Capital LLC boosted its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 42.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,575,939 shares of the company's stock after purchasing an additional 471,287 shares during the period. Celsius comprises 7.0% of MIG Capital LLC's investment portfolio, making the stock its 4th biggest position. MIG Capital LLC owned approximately 0.61% of Celsius worth $56,135,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CELH. Westside Investment Management Inc. purchased a new position in Celsius in the 1st quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new position in Celsius in the 1st quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB increased its stake in Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after purchasing an additional 750 shares in the last quarter. UMB Bank n.a. increased 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 purchasing an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Deborah Desantis sold 100,000 shares of Celsius 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 in the company, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. The trade was a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,116,141 shares of company stock worth $52,541,605 over the last ninety days. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CELH. Truist Financial raised their price objective on Celsius from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Morgan Stanley raised their price objective on Celsius from $42.00 to $56.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Stephens reissued an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. UBS Group raised their price target on Celsius from $57.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus raised 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 analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.28.

Celsius Price Performance

Celsius stock traded down $0.55 during mid-day trading on Friday, hitting $61.52. 5,382,990 shares of the company were exchanged, compared to its average volume of 7,698,063. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $63.00. The business's 50 day simple moving average is $48.07 and its two-hundred day simple moving average is $38.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company has a market capitalization of $15.87 billion, a P/E ratio of 166.27, a PEG ratio of 1.40 and a beta of 1.40.

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

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.