Silvercrest Asset Management Group LLC Purchases 3,435 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Silvercrest Asset Management Group LLC grew its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 14.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,585 shares of the company’s stock after acquiring an additional 3,435 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Celsius were worth $2,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its holdings in Celsius by 206.3% in the 4th quarter. Raymond James & Associates now owns 222,706 shares of the company’s stock valued at $12,142,000 after purchasing an additional 149,989 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Celsius by 201.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 160,458 shares of the company’s stock worth $8,748,000 after buying an additional 107,221 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Celsius by 43.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 58,692 shares of the company’s stock worth $3,200,000 after acquiring an additional 17,802 shares during the period. Global Retirement Partners LLC raised its holdings in Celsius by 100.9% in the 4th quarter. Global Retirement Partners LLC now owns 677 shares of the company’s stock valued at $41,000 after acquiring an additional 340 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Celsius by 173.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,014 shares of the company’s stock valued at $873,000 after acquiring an additional 10,166 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Down 1.2 %

NASDAQ:CELH opened at $46.31 on Wednesday. The stock’s 50-day moving average is $62.71 and its 200-day moving average is $70.04. Celsius Holdings, Inc. has a 1-year low of $44.70 and a 1-year high of $99.62. The stock has a market cap of $10.79 billion, a P/E ratio of 50.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was up 36.9% compared to the same quarter last year. As a group, equities analysts forecast that Celsius Holdings, Inc. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial initiated coverage on Celsius in a research report on Tuesday, June 25th. They issued a “hold” rating and a $60.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of Celsius in a research report on Tuesday, July 9th. Morgan Stanley reiterated an “equal weight” rating and set a $68.00 price target on shares of Celsius in a research report on Tuesday, July 9th. Maxim Group decreased their price objective on shares of Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. Finally, BNP Paribas initiated coverage on Celsius in a research note on Monday, June 24th. They set an “outperform” rating and a $87.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $76.51.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 915,481 shares of company stock worth $56,491,739. Company insiders own 2.20% of the company’s stock.

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.