Pallas Capital Advisors LLC Invests $328,000 in Celsius Holdings Inc. $CELH

Key Points

• Pallas Capital Advisors LLC acquired 7,066 shares of Celsius Holdings Inc. valued at approximately $328,000 in the 2nd quarter.
• CEO John Fieldly sold 143,167 shares, reflecting a 13.78% decrease in his holdings, while other insiders sold a total of 991,470 shares worth $47 million over the last ninety days.
• Analysts have raised their price targets for Celsius, with a consensus target price now at $61.95 and a "Moderate Buy" rating from eighteen equities research analysts.

Pallas Capital Advisors LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 7,066 shares of the company's stock, valued at approximately $328,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its position in Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock worth $642,769,000 after acquiring an additional 3,753,055 shares during the period. Invesco Ltd. lifted its holdings in shares of Celsius by 1.8% in the 1st quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock valued at $85,303,000 after buying an additional 42,997 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Celsius by 6.0% in the 1st quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company's stock valued at $72,789,000 after buying an additional 116,273 shares during the period. MIG Capital LLC raised its holdings in Celsius by 42.7% during the first quarter. MIG Capital LLC now owns 1,575,939 shares of the company's stock worth $56,135,000 after purchasing an additional 471,287 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Celsius by 4.7% during the first quarter. Northern Trust Corp now owns 1,411,449 shares of the company's stock worth $50,276,000 after purchasing an additional 63,787 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Performance

CELH stock traded down $3.39 on Monday, reaching $51.34. The company's stock had a trading volume of 10,594,221 shares, compared to its average volume of 5,200,736. The company has a market capitalization of $13.24 billion, a P/E ratio of 69.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $63.50. The firm has a fifty day moving average of $53.48 and a two-hundred day moving average of $43.43.

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

Insiders Place Their Bets

In related news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 991,470 shares of company stock valued at $47,307,297 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CELH has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Stifel Nicolaus lifted their price objective on Celsius from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Citigroup reaffirmed a "buy" rating on shares of Celsius in a research report on Sunday, August 31st. Wall Street Zen downgraded Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Piper Sandler lifted their target price on Celsius from $60.00 to $69.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.95.

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.