Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 4,164.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,092 shares of the company’s stock after purchasing an additional 71,378 shares during the period. GAMMA Investing LLC’s holdings in Celsius were worth $2,604,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Moody National Bank Trust Division increased its position in shares of Celsius by 1.3% during the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company’s stock worth $968,000 after purchasing an additional 344 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after buying an additional 400 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after buying an additional 459 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Celsius by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock valued at $2,040,000 after buying an additional 490 shares during the last quarter. Finally, Apriem Advisors grew its holdings in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after buying an additional 525 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CELH. Stifel Nicolaus began coverage on shares of Celsius in a report on Thursday. They set a “buy” rating and a $47.00 price objective on the stock. B. Riley reissued a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Piper Sandler boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $47.00 price target on shares of Celsius in a report on Thursday, May 29th. Finally, Wells Fargo & Company upped their price target on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.71.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 132,171 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the transaction, the chief executive officer now owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.55% of the company’s stock.

Celsius Stock Performance

Shares of Celsius stock opened at $41.98 on Friday. The firm has a 50-day simple moving average of $37.17 and a two-hundred day simple moving average of $31.12. The company has a market cap of $10.82 billion, a P/E ratio of 95.41, a price-to-earnings-growth ratio of 2.90 and a beta of 1.43. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.19.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 51.89% and a net margin of 10.70%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. Equities research analysts forecast 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.