Triumph Capital Management Acquires 11,863 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Triumph Capital Management grew its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 41.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,420 shares of the company’s stock after acquiring an additional 11,863 shares during the quarter. Triumph Capital Management’s holdings in Celsius were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CELH. Champlain Investment Partners LLC bought a new stake in shares of Celsius in the fourth quarter valued at about $85,068,000. Contrarius Group Holdings Ltd bought a new stake in Celsius during the fourth quarter worth about $75,535,000. Norges Bank bought a new stake in Celsius during the fourth quarter worth about $72,579,000. Raymond James Financial Inc. bought a new stake in Celsius during the fourth quarter worth about $61,160,000. Finally, SG Americas Securities LLC lifted its position in Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after purchasing an additional 1,914,264 shares during the period. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

CELH has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of Celsius from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 17th. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $45.00 in a research report on Monday, March 31st. Stifel Nicolaus cut their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Roth Mkm reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Insider Buying and Selling at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.55% of the company’s stock.

Celsius Price Performance

Celsius stock opened at $39.39 on Friday. The business has a 50 day moving average of $35.17 and a 200-day moving average of $29.92. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85. The company has a market capitalization of $10.15 billion, a P/E ratio of 89.52, a P/E/G ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Equities analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Celsius Company 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.