South Dakota Investment Council Acquires 113,893 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

South Dakota Investment Council boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 75.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,611 shares of the company’s stock after acquiring an additional 113,893 shares during the period. South Dakota Investment Council’s holdings in Celsius were worth $6,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in Celsius by 27.6% during the 4th quarter. Handelsbanken Fonder AB now owns 44,900 shares of the company’s stock worth $1,183,000 after acquiring an additional 9,700 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Celsius during the 4th quarter worth $2,240,000. New York State Common Retirement Fund lifted its position in Celsius by 30.0% during the 4th quarter. New York State Common Retirement Fund now owns 430,427 shares of the company’s stock worth $11,337,000 after acquiring an additional 99,269 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Celsius during the fourth quarter valued at about $6,439,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of Celsius by 102.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,823 shares of the company’s stock valued at $601,000 after buying an additional 11,528 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

CELH opened at $32.62 on Friday. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62. The company’s 50 day simple moving average is $26.02 and its 200-day simple moving average is $30.30. The stock has a market capitalization of $7.67 billion, a P/E ratio of 74.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. As a group, analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Stifel Nicolaus dropped their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Piper Sandler dropped their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Roth Mkm reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a research report on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus target price of $47.67.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Celsius Company 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.