Generali Investments Towarzystwo Funduszy Inwestycyjnych Makes New $119,000 Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, Holdings Channel.com reports. The firm purchased 4,500 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CELH. SG Americas Securities LLC lifted its stake in Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after purchasing an additional 1,914,264 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares during the last quarter. MIG Capital LLC bought a new position in shares of Celsius during the third quarter valued at $30,358,000. Peregrine Capital Management LLC bought a new position in shares of Celsius during the fourth quarter valued at $6,439,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CELH shares. Needham & Company LLC increased their price objective on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley reiterated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Piper Sandler reduced their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target for the company. Finally, Jefferies Financial Group reduced their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Celsius Stock Performance

Shares of CELH stock opened at $25.99 on Friday. The firm’s 50-day simple moving average is $25.94 and its two-hundred day simple moving average is $30.05. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 59.07, a P/E/G ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (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 analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. 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.