L.M. Kohn & Company Takes Position in Celsius Holdings Inc. $CELH

L.M. Kohn & Company acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,464 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CELH. Alliancebernstein L.P. boosted its stake in Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock worth $642,769,000 after buying an additional 3,753,055 shares during the period. AQR Capital Management LLC purchased a new position in Celsius during the first quarter worth $39,412,000. Lord Abbett & CO. LLC purchased a new position in Celsius during the first quarter worth $36,511,000. Assenagon Asset Management S.A. boosted its stake in Celsius by 9,579.6% during the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock worth $38,451,000 after buying an additional 820,297 shares during the period. Finally, Broad Bay Capital Management LP purchased a new position in Celsius during the first quarter worth $24,374,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total value of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. The trade was a 16.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 205,667 shares of company stock worth $11,165,162 over the last ninety days. 2.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Celsius from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wall Street Zen downgraded Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Bank of America lifted their target price on Celsius from $40.00 to $55.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 8th. B. Riley lifted their target price on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Finally, UBS Group lifted their target price on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

Celsius Price Performance

CELH opened at $61.38 on Thursday. The business’s 50-day moving average is $59.30 and its two-hundred day moving average is $48.50. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm has a market capitalization of $15.83 billion, a PE ratio of 165.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.38.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 83.9% compared to the same quarter last year. Research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

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.