MBB Public Markets I LLC Invests $613,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

MBB Public Markets I LLC bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,729 shares of the company’s stock, valued at approximately $613,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AXA S.A. boosted its holdings in Celsius by 435.4% in the 2nd quarter. AXA S.A. now owns 224,428 shares of the company’s stock worth $12,813,000 after buying an additional 182,508 shares during the period. Toronto Dominion Bank lifted its position in Celsius by 22.8% in the 2nd quarter. Toronto Dominion Bank now owns 17,893 shares of the company’s stock worth $1,022,000 after buying an additional 3,326 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Celsius by 63.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,026 shares of the company’s stock valued at $1,657,000 after purchasing an additional 11,258 shares in the last quarter. Xponance Inc. increased its stake in Celsius by 7.8% in the 2nd quarter. Xponance Inc. now owns 40,607 shares of the company’s stock worth $2,318,000 after purchasing an additional 2,928 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Celsius in the second quarter worth $45,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research reports. Piper Sandler cut their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. B. Riley cut their price objective on shares of Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. Roth Mkm decreased their target price on Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, UBS Group dropped their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.29.

Celsius Stock Down 0.5 %

Shares of Celsius stock opened at $31.20 on Wednesday. The stock’s fifty day moving average is $38.10 and its two-hundred day moving average is $61.12. Celsius Holdings, Inc. has a 52 week low of $30.53 and a 52 week high of $99.62. The company has a market capitalization of $7.27 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. As a group, research analysts anticipate that Celsius Holdings, Inc. will post 0.82 earnings per share for the current year.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.