Lighthouse Investment Partners LLC Acquires New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Lighthouse Investment Partners LLC acquired 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 institutional investor acquired 350,750 shares of the company’s stock, valued at approximately $20,024,000. Celsius comprises about 0.8% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 17th largest position.

Other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Celsius during the fourth quarter worth $25,000. FinTrust Capital Advisors LLC acquired a new position in Celsius during the first quarter worth $25,000. S.A. Mason LLC acquired a new position in Celsius during the second quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares in the last quarter. Finally, Rise Advisors LLC lifted its stake in Celsius by 1,370.0% during the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after purchasing an additional 411 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Performance

Shares of CELH stock opened at $31.32 on Friday. The stock’s 50-day moving average is $39.17 and its two-hundred day moving average is $62.58. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.45 and a beta of 1.85. Celsius Holdings, Inc. has a 1 year low of $30.86 and a 1 year high of $99.62.

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

Analyst Ratings Changes

A number of research firms have commented on CELH. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. TD Cowen reduced their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their price objective on Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Piper Sandler reduced their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Bank of America reduced their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $57.43.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Celsius 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.