Holocene Advisors LP Acquires 1,193,707 Shares of Celsius Holdings Inc. $CELH

Holocene Advisors LP raised its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 130.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,108,041 shares of the company’s stock after buying an additional 1,193,707 shares during the period. Holocene Advisors LP owned about 0.82% of Celsius worth $97,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Alliancebernstein L.P. raised its holdings in shares of Celsius by 26.3% in the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock worth $642,769,000 after acquiring an additional 3,753,055 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of Celsius in the second quarter worth approximately $55,966,000. AQR Capital Management LLC purchased a new stake in shares of Celsius in the first quarter worth approximately $39,412,000. Lord Abbett & CO. LLC bought a new position in shares of Celsius in the first quarter valued at approximately $36,511,000. Finally, Hood River Capital Management LLC boosted its position in shares of Celsius by 249.5% during the second quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company’s stock valued at $60,407,000 after buying an additional 929,597 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Activity at Celsius

In related news, 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 value of $2,500,000.00. Following the transaction, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hal Kravitz bought 10,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average cost of $45.24 per share, with a total value of $452,400.00. Following the completion of the transaction, the director directly owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. The trade was a 4.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on CELH. Morgan Stanley set a $70.00 price target on Celsius in a research report on Tuesday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Zacks Research lowered shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Piper Sandler boosted their price target on shares of Celsius from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Truist Financial upped their price objective on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Twenty equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $43.84 on Friday. The company has a market capitalization of $11.30 billion, a P/E ratio of 438.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01. The company’s 50-day moving average is $51.20 and its 200 day moving average is $50.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $66.74.

Celsius (NASDAQ:CELH) last announced 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. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The business had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. The business’s quarterly revenue was up 172.9% on a year-over-year basis. On average, equities research analysts forecast 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.