Knuff & Co LLC Makes New $50,000 Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Knuff & Co LLC acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,885 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after buying an additional 104,896 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Celsius during the 4th quarter valued at $61,160,000. SG Americas Securities LLC boosted its stake in shares of Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Celsius by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company’s stock valued at $37,093,000 after buying an additional 26,959 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction 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 owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CELH shares. B. Riley reissued a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. Needham & Company LLC lifted their target price on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. 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. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. One investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Celsius Stock Up 2.2 %

Shares of CELH stock opened at $27.83 on Wednesday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 63.25, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62. The firm has a fifty day moving average of $25.86 and a 200-day moving average of $29.14.

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