Amundi Buys 29,189 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Amundi lifted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 7.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 408,505 shares of the company’s stock after acquiring an additional 29,189 shares during the quarter. Amundi’s holdings in Celsius were worth $11,851,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CELH. HM Payson & Co. grew its stake in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the period. S.A. Mason LLC grew its stake in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares during the period. Activest Wealth Management acquired a new stake in Celsius in the third quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares during the period. Finally, Blue Trust Inc. grew its stake in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after acquiring an additional 441 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research reports. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. initiated coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.78.

Celsius Trading Up 1.7 %

Shares of Celsius stock opened at $27.08 on Friday. The business’s fifty day simple moving average is $25.84 and its 200 day simple moving average is $29.02. The firm has a market capitalization of $6.37 billion, a P/E ratio of 61.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate 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.