Belpointe Asset Management LLC Makes New Investment in Celsius Holdings Inc. $CELH

Belpointe Asset Management LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 17,997 shares of the company’s stock, valued at approximately $835,000.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in shares of Celsius in the 1st quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius in the 1st quarter valued at approximately $34,000. UMB Bank n.a. lifted its holdings in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock valued at $51,000 after buying an additional 844 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Celsius in the 2nd quarter valued at approximately $75,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after buying an additional 666 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CELH shares. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Maxim Group raised their price objective on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Zacks Research downgraded Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday. TD Cowen raised Celsius from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. Finally, Mizuho raised their price objective on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.15.

Celsius Stock Performance

Celsius stock opened at $62.91 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a fifty day moving average of $56.19 and a two-hundred day moving average of $45.51. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 170.03, a PEG ratio of 1.36 and a beta of 1.38. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $63.50.

Celsius (NASDAQ:CELH) last released its quarterly 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 company had revenue of $739.30 million during 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%.Celsius’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. On average, analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction 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 completion of the sale, the insider owned 17,717,770 shares of the company’s stock, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer directly owned 104,227 shares of the company’s stock, valued at approximately $6,253,620. This represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 560,667 shares of company stock valued at $27,240,162. 2.55% of the stock is currently owned by company insiders.

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.