Divisadero Street Capital Management LP Has $69.47 Million Position in Celsius Holdings Inc. $CELH

Divisadero Street Capital Management LP lifted its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 89.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,497,450 shares of the company’s stock after buying an additional 706,888 shares during the quarter. Celsius makes up 4.4% of Divisadero Street Capital Management LP’s portfolio, making the stock its 6th biggest position. Divisadero Street Capital Management LP owned approximately 0.58% of Celsius worth $69,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. IFM Investors Pty Ltd acquired a new stake in Celsius during the first quarter worth about $1,275,000. US Bancorp DE grew its holdings in shares of Celsius by 13.1% during the first quarter. US Bancorp DE now owns 12,922 shares of the company’s stock valued at $460,000 after purchasing an additional 1,498 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Celsius by 22.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,829 shares of the company’s stock worth $386,000 after purchasing an additional 1,970 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Celsius by 102.0% in the 1st quarter. Atria Wealth Solutions Inc. now owns 46,105 shares of the company’s stock worth $1,642,000 after purchasing an additional 23,282 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Celsius by 13.9% in the 1st quarter. Deutsche Bank AG now owns 10,408 shares of the company’s stock worth $371,000 after purchasing an additional 1,269 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares in the company, valued at $6,449,755. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hal Kravitz bought 10,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average price of $45.24 per share, with a total value of $452,400.00. Following the completion of the transaction, the director directly owned 216,147 shares of the company’s stock, valued at $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CELH shares. Jefferies Financial Group set a $72.00 price objective on Celsius and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Roth Capital reissued a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Zacks Research downgraded shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Bank of America reduced their target price on shares of Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, November 7th. Twenty investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.95.

Celsius Price Performance

Shares of NASDAQ CELH opened at $42.06 on Monday. The stock has a market cap of $10.84 billion, a P/E ratio of 420.60, a P/E/G ratio of 0.78 and a beta of 1.02. The firm’s 50-day simple moving average is $52.60 and its 200 day simple moving average is $50.17. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $66.74. The company has a quick ratio of 1.61, a current ratio of 1.89 and a debt-to-equity ratio of 0.72.

Celsius (NASDAQ:CELH) last announced 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. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The firm had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. The business’s quarterly revenue was up 172.9% compared to the same quarter last year. Equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.