State of Alaska Department of Revenue Buys 10,166 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

State of Alaska Department of Revenue lifted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 173.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,014 shares of the company’s stock after acquiring an additional 10,166 shares during the period. State of Alaska Department of Revenue’s holdings in Celsius were worth $873,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Moody National Bank Trust Division bought a new position in shares of Celsius in the fourth quarter worth about $917,000. Qube Research & Technologies Ltd boosted its stake in shares of Celsius by 761.1% in the third quarter. Qube Research & Technologies Ltd now owns 190,048 shares of the company’s stock worth $32,612,000 after acquiring an additional 167,977 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Celsius by 396.9% in the fourth quarter. Pacer Advisors Inc. now owns 26,438 shares of the company’s stock worth $1,441,000 after acquiring an additional 21,117 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Celsius by 151.0% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 27,991 shares of the company’s stock worth $1,526,000 after acquiring an additional 16,841 shares during the period. Finally, Fiduciary Alliance LLC boosted its stake in shares of Celsius by 201.2% in the fourth quarter. Fiduciary Alliance LLC now owns 58,304 shares of the company’s stock worth $3,179,000 after acquiring an additional 38,944 shares during the period. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group increased their price target on Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Stifel Europe raised their price target on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Maxim Group raised their price target on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 1st. Stifel Nicolaus raised their price target on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Bank of America cut Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

Insiders Place Their Bets

In other Celsius news, Director Caroline S. Levy sold 20,000 shares of Celsius stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the completion of the sale, the director now owns 37,891 shares of the company’s stock, valued at approximately $3,590,930.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the completion of the transaction, the insider now owns 219,257 shares of the company’s stock, valued at approximately $20,993,857.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the completion of the transaction, the director now directly owns 37,891 shares of the company’s stock, valued at approximately $3,590,930.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,094,783 shares of company stock valued at $62,679,671. 2.70% of the stock is owned by company insiders.

Celsius Price Performance

Shares of CELH stock opened at $84.64 on Wednesday. Celsius Holdings, Inc. has a 1-year low of $28.08 and a 1-year high of $99.62. The stock’s fifty day moving average price is $74.87 and its 200 day moving average price is $63.03. The company has a market cap of $19.55 billion, a price-to-earnings ratio of 109.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.86.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue for the quarter was up 95.2% on a year-over-year basis. As a group, equities research analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

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.