Lisanti Capital Growth LLC Buys Shares of 116,110 Celsius Holdings Inc. $CELH

Lisanti Capital Growth LLC purchased a new stake in Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 116,110 shares of the company’s stock, valued at approximately $5,386,000. Celsius accounts for approximately 1.5% of Lisanti Capital Growth LLC’s holdings, making the stock its 19th biggest holding.

Several other hedge funds have also recently modified their holdings of the business. Assenagon Asset Management S.A. increased its position in shares of 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 purchasing an additional 820,297 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Celsius in the 2nd quarter worth $835,000. SWS Partners purchased a new position in Celsius during the 2nd quarter worth $1,719,000. Polianta Ltd purchased a new position in Celsius during the 2nd quarter worth $1,428,000. Finally, CWM LLC increased its position in Celsius by 182.1% during the 2nd quarter. CWM LLC now owns 20,698 shares of the company’s stock valued at $960,000 after buying an additional 13,362 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 57,500 shares of company stock valued at $3,581,975. Corporate insiders own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CELH. Stephens reissued an “overweight” rating on shares of Celsius in a report on Monday, August 11th. Needham & Company LLC boosted their target price on shares of Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Wall Street Zen lowered shares of Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Mizuho raised their price target on shares of Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. Finally, B. Riley boosted their price objective on shares of Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.95.

Celsius Stock Down 7.9%

Celsius stock opened at $41.52 on Friday. The business’s 50-day moving average price is $58.50 and its 200 day moving average price is $49.38. 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 firm has a market cap of $10.71 billion, a price-to-earnings ratio of 112.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $66.74.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.28 by $0.14. The business had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business’s quarterly revenue was up 172.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share 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.