Arizona State Retirement System Increases Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Arizona State Retirement System increased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 190.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,209 shares of the company’s stock after buying an additional 26,998 shares during the period. Arizona State Retirement System’s holdings in Celsius were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Heritage Wealth Advisors acquired a new position in shares of Celsius during the 3rd quarter worth $32,000. St. Johns Investment Management Company LLC acquired a new position in shares of Celsius during the 3rd quarter worth $34,000. Parkside Financial Bank & Trust purchased a new stake in shares of Celsius in the 2nd quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Celsius in the 3rd quarter valued at about $36,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CMO Kyle Audrey Watson sold 40,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $89.17, for a total value of $3,566,800.00. Following the completion of the sale, the chief marketing officer now owns 75,060 shares in the company, valued at $6,693,100.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were 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 directly owns 219,257 shares of the company’s stock, valued at approximately $20,993,857.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Kyle Audrey Watson sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $89.17, for a total value of $3,566,800.00. Following the sale, the chief marketing officer now owns 75,060 shares of the company’s stock, valued at $6,693,100.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,094,783 shares of company stock worth $62,679,671 over the last quarter. 2.70% of the stock is owned by corporate insiders.

Celsius Stock Performance

NASDAQ CELH opened at $80.87 on Friday. Celsius Holdings, Inc. has a one year low of $28.10 and a one year high of $99.62. The company’s 50 day moving average price is $76.23 and its 200 day moving average price is $63.38. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 105.03, a PEG ratio of 2.44 and a beta of 1.86.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. During the same quarter in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was up 95.2% on a year-over-year basis. Sell-side analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CELH shares. Piper Sandler upped their price target on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Wedbush lifted their target price on shares of Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Roth Mkm boosted their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, March 14th. UBS Group raised their price objective on Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Stifel Nicolaus upped their target price on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.10.

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.