Polianta Ltd Buys New Holdings in Celsius Holdings Inc. $CELH

Key Points

• Polianta Ltd has acquired 30,800 shares of Celsius Holdings Inc. for approximately $1.43 million, making it the firm's 25th largest holding.
• Celsius reported a quarterly revenue increase of 83.9% year-over-year, with earnings per share of $0.47 exceeding estimates by $0.24.
• CEO John Fieldly and major shareholder Deborah Desantis both made significant stock sales, with Fieldly selling over $7.3 million worth of shares.

Polianta Ltd acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,800 shares of the company's stock, valued at approximately $1,428,000. Celsius accounts for approximately 0.6% of Polianta Ltd's investment portfolio, making the stock its 25th largest holding.

Several other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Celsius by 25.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,061 shares of the company's stock worth $1,307,000 after acquiring an additional 5,713 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Celsius in the second quarter worth approximately $328,000. Parallel Advisors LLC boosted its stake in Celsius by 35.5% during the second quarter. Parallel Advisors LLC now owns 3,228 shares of the company's stock worth $150,000 after buying an additional 846 shares during the last quarter. M & L Capital Management Ltd acquired a new position in Celsius during the second quarter worth $1,392,000. Finally, Voya Investment Management LLC boosted its stake in Celsius by 142.9% during the first quarter. Voya Investment Management LLC now owns 267,574 shares of the company's stock worth $9,531,000 after buying an additional 157,410 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Celsius news, CEO John Fieldly sold 143,167 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the sale, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 100,000 shares of the firm's 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 sale, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 991,470 shares of company stock worth $47,307,297 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Celsius Price Performance

NASDAQ CELH traded down $2.97 during mid-day trading on Monday, hitting $51.76. The stock had a trading volume of 5,991,837 shares, compared to its average volume of 7,909,669. The company has a 50 day simple moving average of $53.36 and a 200 day simple moving average of $43.26. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 139.27, a P/E/G ratio of 1.24 and a beta of 1.33. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. The firm had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.Celsius's quarterly revenue was up 83.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stephens reissued an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Morgan Stanley lifted their target price on Celsius from $56.00 to $61.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 2nd. Piper Sandler upped their price objective on Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Finally, UBS Group upped their target price on Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus target price of $61.95.

About Celsius

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.