Highview Capital Management LLC DE Takes $1.96 Million Position in Celsius Holdings Inc. $CELH

Highview Capital Management LLC DE purchased a new stake in Celsius Holdings Inc. (NASDAQ:CELH) during the second quarter, Holdings Channel reports. The institutional investor purchased 42,201 shares of the company’s stock, valued at approximately $1,958,000.

A number of other large investors also recently added to or reduced their stakes in CELH. Alliancebernstein L.P. increased its stake in shares of Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock worth $642,769,000 after purchasing an additional 3,753,055 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Celsius during the first quarter valued at approximately $39,412,000. Lord Abbett & CO. LLC acquired a new stake in shares of Celsius in the first quarter worth approximately $36,511,000. Assenagon Asset Management S.A. raised its stake in Celsius by 9,579.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock valued at $38,451,000 after purchasing an additional 820,297 shares during the last quarter. Finally, Broad Bay Capital Management LP purchased a new position in shares of Celsius in the first quarter worth about $24,374,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Price Performance

CELH stock opened at $40.64 on Wednesday. The business’s fifty day moving average price is $56.19 and its 200 day moving average price is $49.82. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $66.74. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $10.48 billion, a PE ratio of 109.84, a P/E/G ratio of 1.25 and a beta of 1.34.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The company had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.Celsius’s quarterly revenue was up 172.9% on a year-over-year basis. On average, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, October 10th. The stock was sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the transaction, the insider directly owned 221,245 shares in the company, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hal Kravitz purchased 10,000 shares of Celsius stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 52,500 shares of company stock valued at $3,281,975 in the last 90 days. Corporate insiders own 2.55% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of analyst reports. Zacks Research lowered shares of Celsius from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen lowered shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Mizuho raised their target price on Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Roth Capital reaffirmed a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Finally, Truist Financial boosted their price objective on shares of Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a report on Monday, September 8th. Twenty analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.95.

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.