Susquehanna International Group Ltd. Makes New $1.12 Million Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Susquehanna International Group Ltd. bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,610 shares of the company’s stock, valued at approximately $1,120,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CELH. Precision Wealth Strategies LLC boosted its position in Celsius by 199.3% during the fourth quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock worth $327,000 after purchasing an additional 3,998 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Celsius by 215.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock valued at $26,577,000 after acquiring an additional 332,980 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Celsius in the fourth quarter valued at approximately $587,000. PNC Financial Services Group Inc. boosted its position in shares of Celsius by 201.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,079 shares of the company’s stock valued at $877,000 after acquiring an additional 10,748 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Celsius by 248.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 57,140 shares of the company’s stock valued at $3,115,000 after acquiring an additional 40,754 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

CELH stock opened at $32.53 on Friday. The company has a market capitalization of $7.58 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.85. Celsius Holdings, Inc. has a one year low of $30.86 and a one year high of $99.62. The company’s 50 day moving average price is $38.77 and its two-hundred day moving average price is $62.37.

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

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The shares were 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 directly 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 this link. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CELH. Maxim Group cut their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. UBS Group cut their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus dropped their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. TD Cowen dropped their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, BNP Paribas initiated coverage on shares of Celsius in a research report on Monday, June 24th. They set an “outperform” rating and a $87.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.29.

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.