Celsius Holdings Inc. $CELH Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 2.6% in the second quarter, Holdings Channel reports. The institutional investor owned 25,576 shares of the company’s stock after purchasing an additional 659 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Celsius were worth $1,186,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CELH. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Celsius during the 2nd quarter worth about $6,534,000. Shaker Investments LLC OH purchased a new position in Celsius in the second quarter valued at approximately $2,053,000. Focus Partners Advisor Solutions LLC acquired a new stake in Celsius during the second quarter worth approximately $225,000. Peterson Wealth Services lifted its position in shares of Celsius by 741.0% during the 2nd quarter. Peterson Wealth Services now owns 15,566 shares of the company’s stock worth $722,000 after buying an additional 13,715 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Celsius by 274.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 21,338 shares of the company’s stock valued at $990,000 after buying an additional 15,645 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

NASDAQ CELH opened at $63.35 on Monday. The firm has a market cap of $16.34 billion, a P/E ratio of 171.22, a P/E/G ratio of 1.29 and a beta of 1.38. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $66.74. The business’s 50-day moving average price is $59.26 and its 200 day moving average price is $47.98. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same period in the prior year, the business earned $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. On average, equities research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. UBS Group raised their price objective on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Maxim Group upped their target price on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Morgan Stanley set a $70.00 price target on Celsius in a research note on Tuesday, September 30th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research report on Thursday, October 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $64.45.

Insider Activity

In other news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 405,667 shares of company stock valued at $20,665,162. 2.20% of the stock is currently owned by company insiders.

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.