Celsius Holdings, Inc. (NASDAQ:CELH) has recently gained a new investor in the form of &Csenge Advisory Group, according to their most recent filing with the Securities and Exchange Commission (SEC). The advisory firm has purchased 3,257 shares of Celsius Holdings, valued at approximately $486,000.
This purchase reflects the confidence that &Csenge Advisory Group has in Celsius Holdings and its potential for growth in the market. Celsius Holding’s stocks opened at $174.00 on Tuesday, with a market capitalization of $13.38 billion. The company currently maintains a price-to-earnings ratio of -91.90 and a beta of 1.81.
Throughout the past 50 days, Celsius Holdings’ stock has exhibited an average moving price of $175.16, while its 200-day moving average is $139.37. It is worth noting that over the past year, shares in Celsius Holdings have ranged from a low of $78.25 to a high of $206.85.
The acquisition by &Csenge Advisory Group signifies both their belief in the strong performance and potential future growth of Celsius Holdings within the market sector it operates in. As an advisory group specialized in financial analysis and investment strategies, their decision to invest in Celsius Holdings demonstrates their confidence in the company’s ability to deliver results.
Founded on October 3rd, 2004, Cenesge Advisory Group has remained committed to providing comprehensive financial planning and investment solutions for individuals and businesses alike. Their diverse portfolio encompasses various sectors such as technology, healthcare, energy, and consumer goods.
With this new strategic investment from &Csenge Advisory Group, it will be interesting to observe how Celsius Holdings utilizes this influx of capital to pursue further expansions or innovations within its industry. Investors will undoubtedly be keenly watching as future developments unfold for both companies involved.
Overall, this recent acquisition showcases how companies like Celsius Holdings are attracting attention from seasoned advisory groups, indicating a positive outlook for the future of the company. As we move forward, it will be intriguing to observe how Celsius Holdings leverages this newfound investment and navigates market opportunities to potentially drive even greater success in the coming years.
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Institutional Investors Increase Holdings of Celsius (NASDAQ:CELH) Following Strong Financial Performance
On October 3, 2023, it was reported that several institutional investors and hedge funds made adjustments to their holdings of Celsius (NASDAQ:CELH), a beverage company known for its energy drinks. Envestnet Asset Management Inc., for example, increased its stake in Celsius by 20.9% during the first quarter, now owning 5,908 shares valued at $326,000 after purchasing an additional 1,023 shares. JPMorgan Chase & Co. also raised its position in Celsius by 8.5% during the same period, now owning 54,953 shares worth $3.03 million after acquiring an additional 4,285 shares.
Similarly, Raymond James Financial Services Advisors Inc. increased its position in Celsius by 4.3% in the first quarter and now owns 9,583 shares valued at $529,000 after purchasing an additional 398 shares. Bank of New York Mellon Corp also saw a boost of its stake in Celsius by 1.9% during the first quarter and now owns 394,530 shares valued at $21.77 million after acquiring an additional 7,411 shares.
In addition to these changes made by institutional investors and hedge funds, it was also revealed that major shareholder William H. Milmoe sold 10,000 shares of Celsius stock on August 11th for an average price of $174.50 per share, totaling a transaction value of $1.74 million. Following the sale, Milmoe now owns 19,915 shares of Celsius stock worth $3.47 million.
Another insider transaction occurred when VP Tony Guilfoyle sold 4,477 shares of Celsius stock on August 21st at an average price of $176 per share for a total transaction value of approximately $788 thousand.
These recent transactions signify the dynamic nature of institutional investments as well as insider trading activity surrounding Celsius stock.
Analyzing Celsius’ financial performance, the company reported earnings per share (EPS) of $0.52 for the quarter ended on August 8th, surpassing analysts’ consensus estimates of $0.26 by $0.26. Additionally, Celsius recorded a revenue of $325.88 million for the quarter, exceeding analyst estimates of $277.19 million.
Furthermore, analysts have provided their perspective on Celsius’ stock, with Wedbush raising its target price from $155 to $180 and labeling the stock as “outperform.” Stephens also increased its target price from $180 to $200 and gave Celsius a favorable rating.
Moreover, Piper Sandler elevated the target price from $185 to $215 and rated the stock as “overweight,” while B. Riley boosted its price objective from $190 to $230 and assigned a “buy” rating.
However, Maxim Group took a different stance by downgrading Celsius from a “buy” rating to a “hold” rating in their research report on July 19th.
In conclusion, recent developments regarding institutional investments, insider trading activity, financial performance, and analyst ratings contribute to the comprehensive analysis of Celsius Holdings Inc., providing potential investors with essential information when considering this particular stock option.
