Voya Investment Management LLC Increases Position in Celsius Holdings Inc. $CELH

Key Points

• Voya Investment Management LLC increased its stake in Celsius Holdings Inc. by 142.9%, owning 267,574 shares valued at approximately $9.53 million.
• Other large investors, including Fifth Third Bancorp and GAMMA Investing LLC, also significantly increased their holdings in Celsius during the first quarter.
• Analysts have generally rated Celsius positively, with 18 investment analysts assigning "Buy" ratings and recent price targets ranging between $65.00 and $90.00.

Voya Investment Management LLC boosted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 142.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 267,574 shares of the company's stock after acquiring an additional 157,410 shares during the quarter. Voya Investment Management LLC owned about 0.10% of Celsius worth $9,531,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CELH. Alliancebernstein L.P. raised its stake in shares of Celsius by 26.3% during the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after buying an additional 3,753,055 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Celsius during the 1st quarter valued at about $39,412,000. Lord Abbett & CO. LLC purchased a new position in shares of Celsius during the 1st quarter valued at about $36,511,000. Broad Bay Capital Management LP purchased a new position in shares of Celsius during the 1st quarter valued at about $24,374,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Celsius by 163.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,103 shares of the company's stock valued at $38,936,000 after purchasing an additional 678,126 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CELH. Wall Street Zen downgraded Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. B. Riley upped their price objective on shares of Celsius from $56.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. UBS Group increased their price objective on shares of Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Stifel Nicolaus lifted their target price on shares of Celsius from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Finally, Piper Sandler upped their price target on shares of Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $61.95.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction that occurred 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 represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 991,470 shares of company stock worth $47,307,297. 2.55% of the stock is owned by company insiders.

Celsius Price Performance

CELH stock traded down $1.15 during mid-day trading on Thursday, reaching $55.19. The company's stock had a trading volume of 4,468,395 shares, compared to its average volume of 7,932,245. The stock has a market cap of $14.24 billion, a PE ratio of 149.16, a P/E/G ratio of 1.25 and a beta of 1.34. The company's 50 day moving average is $52.97 and its two-hundred day moving average is $42.62. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $63.50. 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 issued its earnings results 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. The business 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%.The business's revenue for the quarter was up 83.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. Equities research analysts expect 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.