Oak Thistle LLC Has $3.33 Million Stock Holdings in Celsius Holdings Inc. $CELH

Oak Thistle LLC boosted its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 73.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,859 shares of the company’s stock after purchasing an additional 24,438 shares during the period. Celsius comprises about 0.5% of Oak Thistle LLC’s investment portfolio, making the stock its 26th biggest position. Oak Thistle LLC’s holdings in Celsius were worth $3,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CELH. Summit Securities Group LLC bought a new stake in shares of Celsius during the first quarter worth $34,000. Hantz Financial Services Inc. lifted its holdings in Celsius by 1,476.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after buying an additional 738 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 244.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock valued at $52,000 after buying an additional 794 shares during the period. Huntington National Bank boosted its holdings in Celsius by 939.8% in the second quarter. Huntington National Bank now owns 1,175 shares of the company’s stock valued at $55,000 after acquiring an additional 1,062 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Celsius in the 2nd quarter valued at about $75,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 1.5%

NASDAQ CELH opened at $43.15 on Wednesday. The company has a market cap of $11.12 billion, a PE ratio of 431.50, a PEG ratio of 0.81 and a beta of 1.01. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74. The stock has a 50 day moving average of $50.54 and a 200-day moving average of $50.54. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The company had revenue of $725.11 million for the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The firm’s revenue was up 172.9% on a year-over-year basis. On average, equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CELH shares. Zacks Research lowered Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lowered their price objective on shares of Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. B. Riley raised their price target on Celsius from $56.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. The Goldman Sachs Group assumed coverage on shares of Celsius in a research note on Thursday, September 11th. They issued a “buy” rating and a $72.00 price target on the stock. Finally, UBS Group set a $65.00 price objective on shares of Celsius and gave the company a “buy” rating in a research report on Wednesday, November 26th. Twenty analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.58.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider directly owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares in the company, valued at $6,449,755. The trade was a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by insiders.

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.