Argonautica Private Wealth Management Inc. Sells 1,077 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Argonautica Private Wealth Management Inc. trimmed its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 9.0% during the fourth quarter, HoldingsChannel reports. The firm owned 10,925 shares of the company’s stock after selling 1,077 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Celsius were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CELH. Signaturefd LLC lifted its position in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. S.A. Mason LLC increased its holdings in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after purchasing an additional 700 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius in the 3rd quarter valued at about $39,000. Blue Trust Inc. lifted its holdings in shares of Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares during the period. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CELH shares. B. Riley restated a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Roth Mkm restated a “buy” rating and set a $38.00 target price on shares of Celsius in a report on Friday, February 21st. Needham & Company LLC upped their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $26.88 on Wednesday. The firm has a market cap of $6.32 billion, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The firm’s 50-day simple moving average is $26.02 and its 200 day simple moving average is $30.18.

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

Celsius 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.