Csenge Advisory Group Has $463,000 Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Csenge Advisory Group lifted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,583 shares of the company’s stock after purchasing an additional 454 shares during the period. Csenge Advisory Group’s holdings in Celsius were worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Celsius by 0.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Celsius by 62.5% in the 1st quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock worth $57,000 after purchasing an additional 265 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Celsius by 1.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company’s stock worth $1,380,000 after purchasing an additional 271 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Celsius by 4.2% in the 4th quarter. Teacher Retirement System of Texas now owns 6,885 shares of the company’s stock worth $375,000 after purchasing an additional 280 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of Celsius by 31.3% in the 1st quarter. Valley National Advisers Inc. now owns 1,217 shares of the company’s stock worth $100,000 after purchasing an additional 290 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Up 1.7 %

Celsius stock traded up $0.94 during trading hours on Thursday, reaching $57.85. 3,358,423 shares of the company’s stock were exchanged, compared to its average volume of 4,998,559. The firm’s 50 day simple moving average is $72.60 and its 200 day simple moving average is $70.56. Celsius Holdings, Inc. has a twelve month low of $45.03 and a twelve month high of $99.62. The firm has a market capitalization of $13.48 billion, a PE ratio of 62.54, a PEG ratio of 1.62 and a beta of 1.90.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. Analysts anticipate that Celsius Holdings, Inc. will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CELH shares. Maxim Group dropped their price objective on Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Truist Financial began coverage on Celsius in a report on Tuesday, June 25th. They set a “hold” rating and a $60.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and set a $68.00 price target on shares of Celsius in a report on Tuesday. BNP Paribas initiated coverage on Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price on the stock. Finally, Jefferies Financial Group cut their target price on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the transaction, the insider now owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock valued at $107,920,209 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

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.