Exencial Wealth Advisors LLC Acquires 826 Shares of Celsius Holdings Inc. $CELH

Exencial Wealth Advisors LLC grew its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 1.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,800 shares of the company’s stock after purchasing an additional 826 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Celsius were worth $2,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Celsius by 19.7% in the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock valued at $73,000 after acquiring an additional 338 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Celsius by 23.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company’s stock valued at $796,000 after acquiring an additional 4,210 shares during the period. QRG Capital Management Inc. bought a new position in shares of Celsius in the first quarter valued at approximately $206,000. State of Alaska Department of Revenue boosted its position in shares of Celsius by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company’s stock valued at $657,000 after acquiring an additional 500 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Celsius by 12.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,927 shares of the company’s stock valued at $460,000 after acquiring an additional 1,435 shares during the period. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CELH. Mizuho raised their price objective on shares of Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. B. Riley raised their price objective on shares of Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Truist Financial raised their price objective on shares of Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 8th. UBS Group raised their price objective on shares of Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group started coverage on shares of Celsius in a research report on Thursday, September 11th. They set a “buy” rating and a $72.00 target price for the company. Nineteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.15.

Insider Activity

In other Celsius news, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares of the company’s stock, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius 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 directly owned 17,717,770 shares in the company, valued at $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 605,667 shares of company stock valued at $30,065,162. Insiders own 2.55% of the company’s stock.

Celsius Trading Down 2.8%

Shares of Celsius stock opened at $61.60 on Thursday. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $66.74. The firm has a market cap of $15.89 billion, a PE ratio of 166.49, a PEG ratio of 1.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company has a 50 day simple moving average of $59.03 and a two-hundred day simple moving average of $47.42.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. Celsius’s revenue for the quarter was up 83.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. Analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

About Celsius

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.