WS Management Lllp Makes New $3.56 Million Investment in Celsius Holdings Inc. $CELH

Key Points

• WS Management Lllp has acquired 100,000 shares of Celsius Holdings Inc. valued at approximately $3.56 million, making it the firm's 26th largest holding.
• Celsius CEO John Fieldly sold 143,167 shares at an average price of $51.18, reducing his ownership by 13.78%.
• Wall Street analysts are optimistic about Celsius, with several raising their price targets and the stock currently rated as a "Moderate Buy" with an average target price of $52.28.

WS Management Lllp acquired a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $3,562,000. Celsius makes up 0.4% of WS Management Lllp's portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CELH. Spire Wealth Management increased its holdings in shares of Celsius by 12.0% during the 1st quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after acquiring an additional 287 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Celsius by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock valued at $346,000 after purchasing an additional 301 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Celsius by 8.8% in the first quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock worth $145,000 after purchasing an additional 328 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Celsius by 19.7% in the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock valued at $73,000 after buying an additional 338 shares in the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Celsius by 1.3% in the 1st quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock valued at $968,000 after buying an additional 344 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Needham & Company LLC increased their price target on Celsius from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Truist Financial raised their target price on Celsius from $55.00 to $65.00 and gave the company a "buy" rating in a report on Monday, August 11th. Bank of America raised their price objective on Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a report on Friday, August 8th. Finally, Piper Sandler lifted their price objective on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.28.

Celsius Stock Performance

CELH stock traded up $3.19 during midday trading on Friday, reaching $62.88. 10,289,896 shares of the company's stock traded hands, compared to its average volume of 8,132,928. The company has a 50-day moving average price of $49.73 and a two-hundred day moving average price of $39.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $63.50. The firm has a market capitalization 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm's revenue was up 83.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. As a group, equities analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other Celsius news, major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the transaction, the chief executive officer owned 895,410 shares of the company's stock, valued at $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,116,141 shares of company stock valued at $52,541,605. 2.55% of the stock is currently owned by corporate insiders.

Celsius 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.