Cambridge Investment Research Advisors Inc. Raises Stock Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Cambridge Investment Research Advisors Inc. raised its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,517 shares of the company’s stock after buying an additional 8,009 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Celsius were worth $1,621,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 550 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after buying an additional 750 shares during the period. UMB Bank n.a. boosted its position in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after buying an additional 844 shares during the period. Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after buying an additional 666 shares in the last quarter. Finally, Knuff & Co LLC purchased a new stake in shares of Celsius in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Fieldly sold 130,803 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the sale, the chief executive officer directly owned 1,038,577 shares of the company’s stock, valued at $46,735,965. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.55% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ CELH opened at $46.37 on Thursday. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $60.70. The firm has a market capitalization of $11.95 billion, a PE ratio of 144.91, a P/E/G ratio of 1.64 and a beta of 1.45. The business’s fifty day moving average price is $39.53 and its two-hundred day moving average price is $32.68.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Equities research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CELH shares. Wall Street Zen raised shares of Celsius from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. boosted their price target on shares of Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. LADENBURG THALM/SH SH reduced their price target on Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Needham & Company LLC reissued a “buy” rating and set a $47.00 price objective on shares of Celsius in a research report on Thursday, May 29th. Finally, Stifel Nicolaus started coverage on shares of Celsius in a research report on Thursday, June 12th. They set a “buy” rating and a $47.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.18.

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.