Moors & Cabot Inc. Makes New $213,000 Investment in Celsius Holdings Inc. $CELH

Moors & Cabot Inc. acquired a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,599 shares of the company’s stock, valued at approximately $213,000.

A number of other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of Celsius by 9,579.6% in 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 during the last quarter. Belpointe Asset Management LLC bought a new stake in Celsius during the 2nd quarter valued at $835,000. SWS Partners purchased a new stake in Celsius during the 2nd quarter valued at $1,719,000. Polianta Ltd bought a new stake in Celsius in the 2nd quarter worth $1,428,000. Finally, CWM LLC grew its holdings in Celsius by 182.1% in the 2nd quarter. CWM LLC now owns 20,698 shares of the company’s stock worth $960,000 after acquiring an additional 13,362 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Price Performance

CELH stock opened at $41.52 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The firm has a 50-day moving average of $58.50 and a 200 day moving average of $49.46. The company has a market cap of $10.71 billion, a P/E ratio of 112.22, a PEG ratio of 1.25 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Celsius from $74.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Stephens restated an “overweight” rating on shares of Celsius in a report on Monday, August 11th. Truist Financial upped their price target on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Cowen reiterated a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Finally, Roth Capital reiterated a “buy” rating on shares of Celsius in a research report on Thursday, October 2nd. Twenty analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.95.

Insider Activity at Celsius

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction on 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the sale, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,500 shares of company stock worth $3,581,975 over the last ninety days. 2.55% of the stock is owned by corporate insiders.

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.