Bleakley Financial Group LLC Acquires 4,151 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Bleakley Financial Group LLC boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,342 shares of the company’s stock after purchasing an additional 4,151 shares during the period. Bleakley Financial Group LLC’s holdings in Celsius were worth $1,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CELH. Cary Street Partners Investment Advisory LLC raised its stake in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. Heritage Wealth Advisors bought a new position in shares of Celsius in the third quarter valued at approximately $32,000. St. Johns Investment Management Company LLC bought a new position in shares of Celsius in the third quarter valued at approximately $34,000. Parkside Financial Bank & Trust bought a new position in shares of Celsius in the second quarter valued at approximately $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Celsius in the third quarter valued at approximately $36,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research analyst reports. Maxim Group lifted their target price on shares of Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $75.00 target price on shares of Celsius in a research note on Wednesday, March 27th. Jefferies Financial Group raised their price target on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, March 18th. Stifel Europe raised their price target on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Bank of America lowered shares of 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.10.

Insider Activity at Celsius

In related news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William H. Milmoe sold 60,462 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the sale, the insider now directly owns 31,603,782 shares in the company, valued at $1,053,354,054.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,094,783 shares of company stock valued at $62,679,671. 2.70% of the stock is owned by corporate insiders.

Celsius Stock Performance

CELH opened at $80.87 on Friday. The company has a fifty day moving average price of $76.23 and a two-hundred day moving average price of $63.38. Celsius Holdings, Inc. has a 52 week low of $28.10 and a 52 week high of $99.62. The firm has a market capitalization of $18.68 billion, a PE ratio of 105.03, a P/E/G ratio of 2.44 and a beta of 1.86.

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