Celsius Holdings Inc. $CELH Shares Purchased by Oak Thistle LLC

Oak Thistle LLC lifted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 73.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 57,859 shares of the company’s stock after acquiring an additional 24,438 shares during the period. Celsius accounts for 0.5% of Oak Thistle LLC’s portfolio, making the stock its 26th biggest holding. Oak Thistle LLC’s holdings in Celsius were worth $3,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. New England Research & Management Inc. acquired a new position in shares of Celsius during the third quarter worth approximately $371,000. Nilsine Partners LLC acquired a new stake in Celsius in the third quarter worth about $740,000. GAMMA Investing LLC increased its stake in Celsius by 13.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,404 shares of the company’s stock valued at $253,000 after buying an additional 505 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Celsius by 65.7% in the 2nd quarter. Corient Private Wealth LLC now owns 13,193 shares of the company’s stock worth $612,000 after acquiring an additional 5,230 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in Celsius by 77.8% during the second quarter. Osaic Holdings Inc. now owns 150,687 shares of the company’s stock worth $6,990,000 after purchasing an additional 65,957 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Down 1.5%

Celsius stock opened at $43.15 on Wednesday. The company has a market capitalization of $11.12 billion, a P/E ratio of 431.50, a P/E/G ratio of 0.81 and a beta of 1.01. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $66.74. The firm’s fifty day simple moving average is $50.54 and its 200-day simple moving average is $50.54. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The business had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. The company’s quarterly revenue was up 172.9% on a year-over-year basis. Sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on CELH shares. B. Riley raised their target price on Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group set a $72.00 target price on Celsius and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Truist Financial upped their price objective on shares of Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Finally, Mizuho lifted their price target on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.58.

Insider Activity at Celsius

In other news, Director Hal Kravitz bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of $45.24 per share, with a total value of $452,400.00. Following the completion of the transaction, the director directly owned 216,147 shares in the company, valued at $9,778,490.28. This represents a 4.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 221,245 shares in the company, valued at approximately $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by corporate insiders.

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.