According to the most recent filing that Securian Asset Management Inc. made with the Securities and Exchange Commission, the company acquired a new stake in Celsius Holdings, Inc. (NASDAQ: CELH) during the third quarter of the fiscal year. The fund was left with 3,661 shares of the company’s stock after the acquisition was completed, bringing the transaction cost to approximately $332,000.
A number of the company’s other significant investors have, within the past few months, implementing changes to the percentage of the enterprise that each of them currently owns. During the third quarter, US Bancorp DE increased the percentage of Celsius stock owned by 7.3%. US Bancorp DE has increased its stake in the company by 451,000 dollars by purchasing an additional 3,382 shares since the beginning of the current quarter. This brings the total value of its holdings to $451,000. The increase in Strs. Ohio’s shares of Celsius during the third quarter were 585.6 percent, reflecting the company’s rapid growth. At the moment, Strs Ohio has a holding in the company amounting to 76,100 shares, which have a value of $6,900,000. This is a direct result of the recent quarter, which saw an additional 65,000 shares purchased during that period. Wipfli Financial Advisors LLC incurred additional expenses totaling $42,000 as a result of a new investment that they made in Celsius during the third quarter of 2018. Emerald Mutual Fund Advisers Trust made a financial investment in the amount of $13,806,000 in Celsius during the third quarter of 2018. In addition, Emerald Advisers LLC paid $19,267,000 to purchase a new investment in Celsius during the third quarter. Institutional investors and hedge funds currently own a combined total of 67.50% of the company’s shares.
The first day of trading for CELH was Friday, and the opening price was $106.40. The company’s price has had a moving average of $103.35 over the past 50 days, and over the past 200 days, it has a moving average of $95.32over the past 50 days, and over the past 200 days, it has a moving average of $95.32. During the previous year, the price of a share of Celsius Holdings, Inc. fluctuated between $38.31 and $122.24, reaching a low of $38.31 and a high of $122.24. The company’s price-to-earnings ratio is -50.67, and its beta value is 1.88. The value of the company’s beta is 1.88. The company’s total value, as measured by its market capitalization, is $8.11 billion.
The most recent earnings report for Celsius (NASDAQ: CELH) was shared with the public on November 9th. The company’s earnings per share (EPS) came in at a negative $0.73 for the quarter, which was $0.85 lower than the average prediction of $0.12 per share. The return on equity for Celsius came in at a negative 12.52%, and the company’s net margin was also negative, coming in at a negative 26.58%. According to the projections of several different analysts, the company’s revenue for the upcoming quarter is expected to fall somewhere between $163.14 million to $188.23 million. The forecasts of professionals in the relevant field indicate that Celsius Holdings Inc. will incur a loss of 2.37 cents for each share traded during this year.
The company has captured the attention of a great number of analysts. Credit Suisse Group raised the price target for Celsius from $85.00 to $110.00 and assigned the company a “neutral” rating in a research report published on Tuesday, December 6th. The term “Celsius” was first mentioned for the very first time in a study that was carried out by Bank of America and released on January 6th. They assigned the business the rating of “neutral” and decided the price target should be $104.00. B. Riley stated their intention to raise their price objective for Celsius to $140.00 in a research note published on November 10th. The previous price objective was $130.00. The rating for Celsius at TheStreet was changed to a “c” on Friday, December 9th, down from a “d+” previously held. Wedbush published a research note on October 10th, announcing that they would officially begin covering Celsius. They provided the stock with a ” neutral ” rating and forecast that its price would reach $90.00 by the end of the year. The stock of the company has been assigned a total of six ratings by equity research analysts, three of which are bought ratings an