Highland Capital Management LLC Buys 13,222 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Highland Capital Management LLC boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 229.7% in the fourth quarter, Holdings Channel reports. The firm owned 18,977 shares of the company’s stock after purchasing an additional 13,222 shares during the quarter. Highland Capital Management LLC’s holdings in Celsius were worth $1,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CELH. Cary Street Partners Investment Advisory LLC lifted its stake in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $25,000. Money Concepts Capital Corp acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust acquired a new stake in shares of Celsius in the second quarter valued at approximately $30,000. Finally, Covestor Ltd increased its holdings in shares of Celsius by 146.5% in the second quarter. Covestor Ltd now owns 212 shares of the company’s stock valued at $32,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 8.5 %

Shares of NASDAQ CELH opened at $83.43 on Thursday. The company’s fifty day moving average is $70.41 and its 200-day moving average is $62.11. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 107.89, a P/E/G ratio of 2.66 and a beta of 1.87. Celsius Holdings, Inc. has a twelve month low of $28.08 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, research analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 60,462 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the sale, the insider now directly owns 31,603,782 shares in the company, valued at $1,053,354,054.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,120,568 shares of company stock valued at $64,473,782. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CELH shares. Stifel Europe raised their price target on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Maxim Group raised their price target on shares of Celsius from $65.00 to $100.00 and gave the company a “buy” rating in a report on Friday, March 1st. Jefferies Financial Group lifted their target price on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Friday, January 19th. Finally, Roth Mkm lifted their target price on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.38.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, 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.