International Assets Investment Management LLC Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

International Assets Investment Management LLC acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 32,207 shares of the company’s stock, valued at approximately $1,027,000.

Several other institutional investors and hedge funds also recently modified their holdings of CELH. Vontobel Holding Ltd. increased its stake in Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Celsius during the 2nd quarter valued at approximately $20,024,000. LRI Investments LLC acquired a new position in Celsius during the 1st quarter worth $134,000. Cetera Investment Advisers grew its stake in Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after purchasing an additional 122,011 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Celsius in the 1st quarter worth approximately $563,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research reports. B. Riley dropped their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday. LADENBURG THALM/SH SH reduced their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Maxim Group dropped their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. Finally, Piper Sandler dropped their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. One investment 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.27.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Celsius Stock Down 1.3 %

Shares of NASDAQ CELH opened at $31.07 on Tuesday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.34 and a beta of 1.86. The stock’s 50-day simple moving average is $32.81 and its two-hundred day simple moving average is $52.06. Celsius Holdings, Inc. has a twelve month low of $28.20 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH) last released 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 firm had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. As a group, research analysts anticipate that Celsius Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Celsius 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.