LPL Financial LLC Purchases 29,879 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

LPL Financial LLC increased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 318,061 shares of the company’s stock after acquiring an additional 29,879 shares during the quarter. LPL Financial LLC’s holdings in Celsius were worth $8,378,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CELH. HM Payson & Co. raised its holdings in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 550 shares in the last quarter. S.A. Mason LLC increased its position in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC raised its stake in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares in the last quarter. Blue Trust Inc. lifted its position 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. Finally, Knuff & Co LLC purchased a new position in Celsius in the 4th quarter worth approximately $50,000. Institutional investors own 60.95% of the company’s stock.

Celsius Trading Down 1.3 %

Shares of NASDAQ:CELH opened at $35.54 on Friday. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 80.77, a price-to-earnings-growth ratio of 2.90 and a beta of 1.57. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The company has a 50-day moving average price of $27.85 and a 200-day moving average price of $28.88.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Roth Mkm restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. B. Riley reaffirmed a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Stifel Nicolaus dropped their target price on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Finally, LADENBURG THALM/SH SH reduced their price target on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents 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 currently owned by company 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.