Fifth Third Wealth Advisors LLC takes position in Celsius Holdings, Inc. (NASDAQ:CELH)

Fifth Third Wealth Advisors LLC acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,937 shares of the company’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Trust Advisors LP raised its position in shares of Celsius by 123.5% during the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after acquiring an additional 324,049 shares in the last quarter. Brown Advisory Inc. purchased a new position in Celsius during the fourth quarter valued at approximately $242,000. LRI Investments LLC bought a new position in shares of Celsius in the first quarter worth about $134,000. Coldstream Capital Management Inc. lifted its position in shares of Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after buying an additional 2,589 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Celsius in the first quarter valued at about $563,000. 60.95% of shares are owned by institutional investors.

Celsius price performance

Shares of Celsius stock traded up $0.64 on Thursday, reaching $40.64. 364,631 shares of the company traded hands, compared to its average volume of 5,212,438. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 45.36, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. The company has a fifty day moving average of $50.64 and a two hundred day moving average of $68.44. Celsius Holdings, Inc. has a one year low of $36.17 and a one year high of $99.62.

Celsius (NASDAQ:CELH – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company’s quarterly revenue was up 23.4% year over year. In the same quarter last year, the firm posted EPS of $0.17. Equities research analysts anticipate that Celsius Holdings, Inc. will post 1.05 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

A number of research analysts have commented on the company. Bank of America lowered Celsius from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $60.00 to $32.00 in a report on Thursday, August 8th. Wedbush cut their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Maxim Group cut their price target on shares of Celsius from $90.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. TD Cowen reduced their price objective 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, Truist Financial decreased their price objective on shares of Celsius from $60.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Moderate Buy” and an average price target of $64.79, according to MarketBeat.

See our latest report on CELH

Celsius Company Profile

(Free Report)

Celsius Holdings, Inc develops, processes, markets, distributes and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canada, Europe, the Middle East, Asia-Pacific and internationally. The company offers CELSIUS, a fitness drink or supplement designed to boost metabolism and burn body fat; various flavors and functional carbonated and non-carbonated energy drinks under the names CELSIUS Originals and Vibe, as well as functional energy drink under the names CELSIUS Essentials and CELSIUS On-the-Go Powder; and CELSIUS ready-to-drink products.

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