Korea Investment CORP Purchases 114,003 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Korea Investment CORP boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 100.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 227,624 shares of the company’s stock after purchasing an additional 114,003 shares during the period. Korea Investment CORP’s holdings in Celsius were worth $5,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CELH. Charles Schwab Investment Management Inc. raised its stake in shares of Celsius by 19.1% in 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. Bank of Montreal Can increased its holdings in Celsius by 146.5% during the 3rd quarter. Bank of Montreal Can now owns 66,748 shares of the company’s stock valued at $2,171,000 after purchasing an additional 39,671 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Celsius by 5.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 129,427 shares of the company’s stock valued at $4,059,000 after purchasing an additional 6,731 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Celsius by 35.0% in the third quarter. BNP Paribas Financial Markets now owns 181,821 shares of the company’s stock worth $5,702,000 after purchasing an additional 47,138 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in Celsius in the third quarter worth $494,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CELH shares. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. LADENBURG THALM/SH SH dropped their price objective on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Finally, Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $35.62 on Tuesday. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 80.96, a P/E/G ratio of 2.90 and a beta of 1.90. The firm’s 50 day simple moving average is $27.03 and its 200 day simple moving average is $28.79. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for 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 year.

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.