Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. lifted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELHFree Report) by 200.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,650 shares of the company’s stock after acquiring an additional 3,100 shares during the period. FAS Wealth Partners Inc.’s holdings in Celsius were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State of Michigan Retirement System raised its position in shares of Celsius by 200.3% during the 4th quarter. State of Michigan Retirement System now owns 215,600 shares of the company’s stock valued at $11,755,000 after acquiring an additional 143,800 shares in the last quarter. TriaGen Wealth Management LLC acquired a new stake in shares of Celsius during the 4th quarter valued at approximately $2,421,000. New Mexico Educational Retirement Board raised its position in shares of Celsius by 200.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 29,100 shares of the company’s stock valued at $1,587,000 after acquiring an additional 19,400 shares in the last quarter. Kercheville Advisors LLC acquired a new stake in shares of Celsius during the 4th quarter valued at approximately $851,000. Finally, Fifth Third Bancorp raised its position in shares of Celsius by 70.2% during the 4th quarter. Fifth Third Bancorp now owns 938 shares of the company’s stock valued at $51,000 after acquiring an additional 387 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Performance

Shares of CELH opened at $78.89 on Wednesday. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 102.01, a price-to-earnings-growth ratio of 2.42 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $28.08 and a one year high of $99.62. The stock’s fifty day moving average is $72.61 and its 200-day moving average is $62.50.

Celsius (NASDAQ:CELHGet Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. During the same period last year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 95.2% compared to the same quarter last year. Analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 60,462 shares of the firm’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 completion of the transaction, the insider now owns 31,603,782 shares of the company’s stock, valued at $1,053,354,054.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder William H. Milmoe sold 60,462 shares of the firm’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 completion of the transaction, the insider now owns 31,603,782 shares of the company’s stock, valued at $1,053,354,054.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Kyle Audrey Watson sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $89.17, for a total value of $3,566,800.00. Following the transaction, the chief marketing officer now directly owns 75,060 shares of the company’s stock, valued at approximately $6,693,100.20. The disclosure for this sale can be found here. Insiders sold 1,094,783 shares of company stock valued at $62,679,671 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CELH. Stifel Europe increased their target price on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wedbush increased their target price on Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $75.00 target price on shares of Celsius in a research report on Wednesday, March 27th. Stifel Nicolaus increased their target price on Celsius from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Maxim Group increased their target price on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday. Two 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 currently has an average rating of “Moderate Buy” and a consensus price target of $85.10.

Get Our Latest Analysis on CELH

Celsius Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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