Sassicaia Capital Advisers LLC Takes $890,000 Position in Celsius Holdings Inc. $CELH

Key Points

• Sassicaia Capital Advisers LLC has acquired a new position in Celsius Holdings Inc., purchasing 25,000 shares valued at approximately $890,000, constituting about 3.2% of their investment portfolio.
• Analysts have set new price targets for Celsius, with Citigroup recommending a "buy" rating and a price objective increase from $55.00 to $60.00, while others have raised targets as high as $65.00.
• Insider transactions reveal CFO Jarrod Langhans sold 5,000 shares worth $300,000, while CEO John Fieldly divested a much larger stake, highlighting significant insider selling activity within the company.

Sassicaia Capital Advisers LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $890,000. Celsius makes up approximately 3.2% of Sassicaia Capital Advisers LLC's investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Broad Bay Capital Management LP acquired a new position in Celsius during the 1st quarter worth approximately $24,374,000. Landscape Capital Management L.L.C. acquired a new position in Celsius during the 1st quarter worth approximately $3,761,000. OMERS ADMINISTRATION Corp increased its position in Celsius by 13.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 60,792 shares of the company's stock worth $2,165,000 after purchasing an additional 7,062 shares in the last quarter. WS Management Lllp acquired a new position in Celsius during the 1st quarter worth approximately $3,562,000. Finally, Comerica Bank increased its position in Celsius by 29.5% during the 1st quarter. Comerica Bank now owns 53,121 shares of the company's stock worth $1,892,000 after purchasing an additional 12,116 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CELH has been the subject of a number of research analyst reports. Citigroup reiterated a "buy" rating and set a $60.00 price objective (up from $55.00) on shares of Celsius in a research report on Friday, August 8th. Maxim Group boosted their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.28.

Insider Activity

In other news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer directly owned 104,227 shares in the company, valued at $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 of the company's stock, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,116,141 shares of company stock valued at $52,541,605. 2.55% of the stock is owned by corporate insiders.

Celsius Trading Up 5.3%

CELH opened at $62.88 on Friday. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $63.50. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $49.73 and a 200-day moving average of $39.70. The stock has a market cap of $16.22 billion, a PE ratio of 169.95, a price-to-earnings-growth ratio of 1.36 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 for the quarter, topping the consensus estimate of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. During the same period in the prior year, the company posted $0.28 earnings per share. Celsius's revenue for the quarter was up 83.9% compared to the same quarter last year. On average, sell-side analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.

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