EFG Asset Management North America Corp. Buys 20,600 Shares of Celsius Holdings Inc. $CELH

EFG Asset Management North America Corp. boosted its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 51.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,490 shares of the company’s stock after acquiring an additional 20,600 shares during the period. EFG Asset Management North America Corp.’s holdings in Celsius were worth $2,805,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Moors & Cabot Inc. purchased a new stake in shares of Celsius during the 2nd quarter worth approximately $213,000. Huntington National Bank increased its position in Celsius by 939.8% in the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock worth $55,000 after buying an additional 1,062 shares during the last quarter. Savoir Faire Capital Management L.P. increased its position in Celsius by 39.4% in the second quarter. Savoir Faire Capital Management L.P. now owns 98,878 shares of the company’s stock worth $4,587,000 after buying an additional 27,961 shares during the last quarter. Atria Investments Inc purchased a new position in shares of Celsius during the 2nd quarter valued at $216,000. Finally, Retirement Systems of Alabama grew its stake in shares of Celsius by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 192,161 shares of the company’s stock worth $8,914,000 after acquiring an additional 500 shares during the period. 60.95% of the stock is owned by institutional investors.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $59.92 on Thursday. The company has a 50 day moving average of $59.22 and a 200 day moving average of $49.29. The stock has a market cap of $15.46 billion, a P/E ratio of 161.95, a P/E/G ratio of 1.25 and a beta of 1.34. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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

Insider Buying and Selling

In other news, CFO Jarrod Langhans sold 5,000 shares of the business’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. The trade was a 4.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 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.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research reports. Piper Sandler boosted their price objective on Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. UBS Group lifted their target price on shares of Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. The Goldman Sachs Group initiated coverage on shares of Celsius in a research note on Thursday, September 11th. They set a “buy” rating and a $72.00 price target on the stock. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Finally, Bank of America boosted their target price on shares of Celsius from $40.00 to $55.00 and gave the company an “underperform” rating in a report on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

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.