44,338 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Acquired by River Global Investors LLP

River Global Investors LLP bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, Holdings Channel reports. The firm bought 44,338 shares of the company’s stock, valued at approximately $1,168,000.

Other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Apriem Advisors raised its holdings in shares of Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company’s stock worth $1,158,000 after purchasing an additional 553 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in Celsius by 6.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock valued at $248,000 after purchasing an additional 586 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CELH. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Stifel Nicolaus cut their target price on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. Needham & Company LLC lifted their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Finally, TD Cowen lowered shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Celsius Stock Up 7.7 %

Shares of NASDAQ:CELH opened at $27.39 on Friday. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62. The firm has a market capitalization of $6.44 billion, a P/E ratio of 62.25, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. The firm has a fifty day moving average of $25.80 and a two-hundred day moving average of $29.47.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

About Celsius

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.