DekaBank Deutsche Girozentrale Grows Stock Position in Celsius Holdings Inc. $CELH

DekaBank Deutsche Girozentrale boosted its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 191.5% in the second quarter, Holdings Channel reports. The fund owned 77,696 shares of the company’s stock after buying an additional 51,043 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Celsius were worth $3,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Celsius by 9,579.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock valued at $38,451,000 after buying an additional 820,297 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Celsius during the second quarter valued at $835,000. SWS Partners bought a new stake in Celsius during the second quarter valued at $1,719,000. Polianta Ltd bought a new stake in Celsius during the second quarter valued at $1,428,000. Finally, CWM LLC increased its stake in Celsius by 182.1% during the second quarter. CWM LLC now owns 20,698 shares of the company’s stock valued at $960,000 after purchasing an additional 13,362 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity

In related news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at $6,449,755. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 605,667 shares of company stock valued at $30,065,162 over the last quarter. Insiders own 2.55% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of several recent research reports. Citigroup reiterated a “buy” rating on shares of Celsius in a research note on Sunday, August 31st. UBS Group increased their target price on Celsius from $64.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Bank of America increased their target price on Celsius from $40.00 to $55.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group initiated coverage on Celsius in a research report on Thursday, September 11th. They issued a “buy” rating and a $72.00 target price on the stock. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Celsius Price Performance

Shares of CELH opened at $63.35 on Friday. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 171.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. The stock’s fifty day moving average is $59.26 and its 200-day moving average is $47.90.

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