Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 505.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,500 shares of the company’s stock after acquiring an additional 43,000 shares during the quarter. Royce & Associates LP’s holdings in Celsius were worth $1,357,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in shares of Celsius by 671.1% during the third quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock worth $684,000 after purchasing an additional 18,985 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Celsius in the 3rd quarter worth about $3,795,000. Moran Wealth Management LLC boosted its stake in Celsius by 68.0% in the 3rd quarter. Moran Wealth Management LLC now owns 10,752 shares of the company’s stock worth $337,000 after buying an additional 4,353 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Celsius by 4.7% during the 3rd quarter. King Luther Capital Management Corp now owns 60,927 shares of the company’s stock valued at $1,911,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Celsius by 56.4% during the 3rd quarter. Intech Investment Management LLC now owns 43,787 shares of the company’s stock worth $1,373,000 after acquiring an additional 15,792 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Down 2.0 %

Shares of CELH stock opened at $31.25 on Friday. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The company has a market capitalization of $7.35 billion, a PE ratio of 71.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The firm has a fifty day simple moving average of $25.98 and a 200-day simple moving average of $28.81.

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

Insiders Place Their Bets

In related news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. B. Riley reaffirmed a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Piper Sandler cut their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.