Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 201.6% in the 4th quarter, HoldingsChannel reports. The firm owned 266,703 shares of the company’s stock after purchasing an additional 178,259 shares during the period. Retirement Systems of Alabama’s holdings in Celsius were worth $14,541,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Celsius by 633.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company’s stock valued at $77,547,000 after acquiring an additional 1,228,560 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Celsius by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock valued at $831,676,000 after acquiring an additional 762,087 shares during the last quarter. Braun Stacey Associates Inc. increased its stake in shares of Celsius by 192.5% during the 3rd quarter. Braun Stacey Associates Inc. now owns 634,863 shares of the company’s stock valued at $108,942,000 after acquiring an additional 417,825 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Celsius during the 4th quarter valued at about $18,676,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Celsius during the 3rd quarter valued at about $37,873,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Roth Mkm upped their price objective on shares of Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Stifel Europe increased their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group increased their target price on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, UBS Group increased their target price on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

Celsius Stock Up 1.5 %

NASDAQ CELH opened at $72.34 on Thursday. The stock has a market cap of $16.71 billion, a PE ratio of 93.54, a P/E/G ratio of 2.15 and a beta of 1.86. Celsius Holdings, Inc. has a fifty-two week low of $32.29 and a fifty-two week high of $99.62. The business has a 50 day moving average price of $80.34 and a two-hundred day moving average price of $65.26.

Celsius (NASDAQ:CELH) last released 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 firm had revenue of $347.44 million during the quarter, compared to analysts’ expectations of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. Celsius’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Dean Desantis sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the transaction, the insider now directly owns 219,257 shares in the company, valued at approximately $20,993,857.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Dean Desantis sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the transaction, the insider now directly owns 219,257 shares in the company, valued at approximately $20,993,857.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Deborah Desantis sold 67,063 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $50.28, for a total value of $3,371,927.64. Following the transaction, the insider now owns 30,321,589 shares of the company’s stock, valued at $1,524,569,494.92. The disclosure for this sale can be found here. In the last three months, insiders sold 1,253,278 shares of company stock worth $83,587,047. 2.20% of the stock is currently owned by insiders.

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.