Nisa Investment Advisors LLC Buys 38,091 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Nisa Investment Advisors LLC increased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 188.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 58,297 shares of the company’s stock after purchasing an additional 38,091 shares during the period. Nisa Investment Advisors LLC’s holdings in Celsius were worth $3,178,000 as of its most recent SEC filing.

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

Insider Activity

In other news, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total value of $1,895,400.00. Following the sale, the director now directly owns 37,891 shares in the company, valued at $3,590,930.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total value of $1,895,400.00. Following the sale, the director now directly owns 37,891 shares in the company, valued at $3,590,930.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dean Desantis sold 100,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 219,257 shares in the company, valued at $20,993,857.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,094,783 shares of company stock worth $62,679,671. Corporate insiders own 2.70% of the company’s stock.

Celsius Stock Down 1.4 %

CELH opened at $79.72 on Friday. Celsius Holdings, Inc. has a 52 week low of $28.10 and a 52 week high of $99.62. The business has a fifty day simple moving average of $76.83 and a 200-day simple moving average of $63.50. The firm has a market cap of $18.42 billion, a P/E ratio of 103.09, a P/E/G ratio of 2.46 and a beta of 1.86.

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

Analysts Set New Price Targets

A number of equities analysts have commented on CELH shares. UBS Group increased their target price on Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a report on Friday, March 1st. Jefferies Financial Group upped their price target on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Roth Mkm upped their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Morgan Stanley restated an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a research report on Wednesday, March 27th. Finally, Stifel Europe upped their price target on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.