Creative Planning Increases Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Creative Planning grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 41.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,460 shares of the company’s stock after acquiring an additional 8,966 shares during the quarter. Creative Planning’s holdings in Celsius were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. J.W. Cole Advisors Inc. purchased a new position in shares of Celsius in the first quarter worth approximately $466,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Celsius by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,515 shares of the company’s stock worth $5,563,000 after buying an additional 10,634 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Celsius by 142.2% in the first quarter. Janney Montgomery Scott LLC now owns 26,090 shares of the company’s stock worth $2,163,000 after buying an additional 15,316 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in Celsius during the 1st quarter worth approximately $461,000. Finally, Nordea Investment Management AB raised its stake in Celsius by 41.9% during the 1st quarter. Nordea Investment Management AB now owns 11,550 shares of the company’s stock worth $962,000 after acquiring an additional 3,412 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The trade was a 0.00 % 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 this link. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reduced their price objective on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Maxim Group reduced their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Piper Sandler reduced their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Celsius Stock Up 4.7 %

NASDAQ CELH opened at $31.48 on Friday. The company has a fifty day moving average of $32.99 and a two-hundred day moving average of $52.60. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.38 and a beta of 1.84. Celsius Holdings, Inc. has a 52 week low of $28.20 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. Celsius’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that Celsius Holdings, Inc. will post 0.79 EPS for the current year.

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.