RFG Advisory LLC Invests $1.40 Million in Celsius Holdings Inc. $CELH

RFG Advisory LLC purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,068 shares of the company’s stock, valued at approximately $1,395,000.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management raised its position in Celsius by 12.0% in the 1st quarter. Spire Wealth Management now owns 2,677 shares of the company’s stock valued at $95,000 after purchasing an additional 287 shares in the last quarter. TD Private Client Wealth LLC raised its position in Celsius by 8.8% in the 1st quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company’s stock valued at $145,000 after purchasing an additional 328 shares in the last quarter. GAMMA Investing LLC raised its position in Celsius by 19.7% in the 1st quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock valued at $73,000 after purchasing an additional 338 shares in the last quarter. Hancock Whitney Corp raised its position in Celsius by 3.1% in the 1st quarter. Hancock Whitney Corp now owns 11,400 shares of the company’s stock valued at $406,000 after purchasing an additional 344 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Celsius by 24.7% in the 2nd quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock valued at $82,000 after purchasing an additional 352 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Deborah Desantis sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, the insider owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 600,667 shares of company stock worth $29,740,162 over the last ninety days. 2.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stephens reaffirmed an “overweight” rating on shares of Celsius in a research report on Monday, August 11th. Needham & Company LLC increased their price objective on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. B. Riley increased their price objective on Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. increased their price objective on Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group set a $72.00 price objective on Celsius and gave the company a “buy” rating in a report on Wednesday, September 3rd. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.15.

Celsius Trading Up 1.9%

NASDAQ:CELH opened at $64.29 on Friday. The stock’s 50 day moving average price is $58.28 and its 200 day moving average price is $46.66. The company has a market capitalization of $16.58 billion, a PE ratio of 173.76, a P/E/G ratio of 1.27 and a beta of 1.38. 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 Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $66.74.

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