30,800 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,800 shares of the company’s stock, valued at approximately $811,000.

A number of other large investors have also bought and sold shares of CELH. Louisiana State Employees Retirement System grew its stake in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. lifted its holdings in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after purchasing an additional 459 shares during the period. Apriem Advisors increased its stake in shares of Celsius by 3.0% in the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares in the last quarter. Finally, HM Payson & Co. raised its position in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on CELH shares. Stifel Nicolaus cut their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Needham & Company LLC increased their price objective on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, 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 disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Celsius Stock Performance

NASDAQ CELH opened at $35.62 on Tuesday. The company has a market capitalization of $8.38 billion, a P/E ratio of 80.96, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85. The company has a fifty day moving average of $27.03 and a 200-day moving average of $28.79.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. As a group, analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Celsius Profile

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.