J.W. Cole Advisors Inc. Raises Position in Celsius Holdings, Inc. (NASDAQ:CELH)

J.W. Cole Advisors Inc. lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,034 shares of the company’s stock after purchasing an additional 1,415 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Celsius were worth $402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Celsius by 183.6% in the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after buying an additional 8,899,873 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after purchasing an additional 2,261,046 shares during the period. Eagle Asset Management Inc. increased its position in Celsius by 188.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after purchasing an additional 1,934,400 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in Celsius during the fourth quarter worth approximately $101,116,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the subject of several research reports. UBS Group lowered their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Maxim Group lowered their price target on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. TD Cowen cut their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Wedbush decreased their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Finally, Truist Financial dropped their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.64.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’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 transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Celsius Price Performance

Shares of Celsius stock opened at $34.80 on Wednesday. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62. The business has a 50-day moving average of $41.84 and a 200-day moving average of $64.73. The company has a market capitalization of $8.11 billion, a PE ratio of 38.24, a P/E/G ratio of 2.46 and a beta of 1.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The company 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%. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 EPS. On average, equities analysts expect that Celsius Holdings, Inc. will post 0.83 earnings per share for the current fiscal 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.