Itau Unibanco Holding S.A. Makes New $45,000 Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Itau Unibanco Holding S.A. purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 784 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in shares of Celsius by 123.5% in the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after purchasing an additional 324,049 shares in the last quarter. Brown Advisory Inc. bought a new stake in Celsius during the 4th quarter valued at $242,000. LRI Investments LLC purchased a new stake in shares of Celsius during the 1st quarter worth $134,000. Coldstream Capital Management Inc. grew its stake in Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after purchasing an additional 2,589 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius in the 1st quarter worth approximately $563,000. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CELH. B. Riley lowered their target price on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group reduced their target price on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Bank of America dropped their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Finally, UBS Group lowered their target price 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.64.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the 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 sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $33.17 on Monday. The business’s 50-day moving average is $40.38 and its two-hundred day moving average is $63.61. The company has a market capitalization of $7.73 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. During the same period last year, the company earned $0.17 earnings per share. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. Analysts forecast that Celsius Holdings, Inc. will post 0.83 EPS 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.