Putnam Investments LLC Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Putnam Investments LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,126 shares of the company’s stock, valued at approximately $3,004,000.

A number of other institutional investors have also recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in Celsius during the third quarter worth $2,481,000. Quantamental Technologies LLC acquired a new stake in shares of Celsius in the 3rd quarter valued at $230,000. Lord Abbett & CO. LLC acquired a new stake in shares of Celsius in the 3rd quarter valued at $31,731,000. Marshall Wace LLP boosted its stake in shares of Celsius by 589.6% in the 3rd quarter. Marshall Wace LLP now owns 215,802 shares of the company’s stock valued at $19,570,000 after purchasing an additional 184,509 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Celsius in the 3rd quarter valued at $438,000. Institutional investors and hedge funds own 67.50% of the company’s stock.

Celsius Trading Down 4.6 %

Shares of NASDAQ:CELH opened at $83.01 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of -31.68 and a beta of 1.85. Celsius Holdings, Inc. has a 1-year low of $38.31 and a 1-year high of $122.24. The business has a 50-day moving average price of $97.21 and a two-hundred day moving average price of $98.14.

Celsius (NASDAQ:CELH – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. The firm had revenue of $177.96 million during the quarter, compared to analysts’ expectations of $176.13 million. Celsius had a negative return on equity of 17.67% and a negative net margin of 28.65%. As a group, equities analysts predict that Celsius Holdings, Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

CELH has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Celsius from $129.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd. Credit Suisse Group restated an “outperform” rating and issued a $120.00 target price on shares of Celsius in a research note on Monday, March 6th. TheStreet upgraded shares of Celsius from a “d+” rating to a “c” rating in a research note on Friday, December 9th. Wedbush upgraded shares of Celsius from a “neutral” rating to an “outperform” rating in a research report on Monday, February 6th. Finally, Bank of America assumed coverage on shares of Celsius in a research report on Friday, January 6th. They set a “neutral” rating and a $104.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.88.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 30,000 shares of the company’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $107.30, for a total value of $3,219,000.00. Following the completion of the sale, the insider now directly owns 64,415 shares of the company’s stock, valued at approximately $6,911,729.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder William H. Milmoe sold 30,000 shares of the company’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $107.30, for a total value of $3,219,000.00. Following the completion of the sale, the insider now directly owns 64,415 shares of the company’s stock, valued at approximately $6,911,729.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Hoi Shuen Solina Holly Chau sold 554,017 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $90.25, for a total value of $50,000,034.25. Following the completion of the sale, the insider now directly owns 8,846,232 shares of the company’s stock, valued at $798,372,438. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Celsius Profile

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Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.