BlackRock Inc. Invests $5.10 Million in Celsius Holdings, Inc. (CELH)

BlackRock Inc. purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,107,722 shares of the company’s stock, valued at approximately $5,095,000. BlackRock Inc. owned about 2.17% of Celsius at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CELH. Anchor Capital Advisors LLC grew its holdings in shares of Celsius by 473.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock valued at $920,000 after purchasing an additional 165,172 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Celsius by 146.6% during the 1st quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock valued at $932,000 after purchasing an additional 127,388 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Celsius during the 2nd quarter valued at approximately $458,000. Bank of New York Mellon Corp grew its holdings in shares of Celsius by 353.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock valued at $271,000 after purchasing an additional 45,937 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Celsius during the 2nd quarter valued at approximately $198,000. 20.93% of the stock is currently owned by institutional investors.

Shares of Celsius stock opened at $3.92 on Friday. The company has a market cap of $203.98 million, a P/E ratio of -392.00 and a beta of 0.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.30 and a current ratio of 3.11. Celsius Holdings, Inc. has a 1 year low of $3.05 and a 1 year high of $6.05.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, November 8th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.07). Celsius had a negative return on equity of 47.60% and a negative net margin of 31.73%. The business had revenue of $16.57 million for the quarter, compared to analyst estimates of $11.72 million. Equities research analysts forecast that Celsius Holdings, Inc. will post -0.21 EPS for the current year.

CELH has been the topic of several research reports. Maxim Group reaffirmed a “buy” rating and set a $8.00 price target on shares of Celsius in a report on Friday, August 10th. B. Riley decreased their price target on shares of Celsius from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, August 7th. Finally, Zacks Investment Research raised shares of Celsius from a “strong sell” rating to a “hold” rating in a report on Monday, October 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

TRADEMARK VIOLATION NOTICE: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/11/10/blackrock-inc-invests-5-10-million-in-celsius-holdings-inc-celh.html.

About Celsius

Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.

See Also: Stock Split

Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

Receive News & Ratings for Celsius Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celsius and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply