140,845 Shares in Celsius Holdings Inc. $CELH Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new position in Celsius Holdings Inc. (NASDAQ:CELH) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 140,845 shares of the company’s stock, valued at approximately $6,534,000. Kornitzer Capital Management Inc. KS owned about 0.05% of Celsius at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in Celsius during the 1st quarter worth about $32,000. Summit Securities Group LLC acquired a new stake in Celsius during the 1st quarter worth about $34,000. Peterson Wealth Services acquired a new stake in Celsius during the 1st quarter worth about $66,000. Golden State Wealth Management LLC grew its position in Celsius by 124.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company’s stock worth $71,000 after purchasing an additional 1,106 shares during the period. Finally, GAMMA Investing LLC grew its position in Celsius by 19.7% during the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock worth $73,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

NASDAQ:CELH opened at $63.35 on Friday. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $66.74. 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 stock has a market capitalization of $16.34 billion, a PE ratio of 171.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The stock’s 50-day moving average price is $59.26 and its 200-day moving average price is $47.90.

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

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $62.50, for a total value of $2,500,000.00. Following the sale, the insider directly owned 221,245 shares in the company, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief financial officer owned 99,227 shares in the company, valued at approximately $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 605,667 shares of company stock worth $30,065,162 in the last quarter. 2.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CELH has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on Celsius in a research report on Thursday, September 11th. They set a “buy” rating and a $72.00 price target on the stock. UBS Group increased their price target on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Truist Financial increased their price target on Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. increased their price target on Celsius from $68.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Stifel Nicolaus raised their target price on Celsius from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday. Nineteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

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.