State of Alaska Department of Revenue Grows Stock Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

State of Alaska Department of Revenue raised its position in Celsius Holdings Inc. (NASDAQ:CELH) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,454 shares of the company’s stock after acquiring an additional 500 shares during the quarter. State of Alaska Department of Revenue’s holdings in Celsius were worth $657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CELH. Proficio Capital Partners LLC purchased a new position in shares of Celsius in the fourth quarter valued at about $406,000. Versor Investments LP purchased a new position in shares of Celsius in the fourth quarter valued at about $279,000. Bridges Investment Management Inc. increased its position in shares of Celsius by 32.1% in the fourth quarter. Bridges Investment Management Inc. now owns 22,170 shares of the company’s stock valued at $584,000 after acquiring an additional 5,387 shares during the period. Jones Financial Companies Lllp increased its position in shares of Celsius by 21.9% in the fourth quarter. Jones Financial Companies Lllp now owns 17,350 shares of the company’s stock valued at $457,000 after acquiring an additional 3,116 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Celsius during the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

NASDAQ:CELH opened at $45.89 on Friday. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $61.25. The company’s 50-day simple moving average is $38.98 and its 200 day simple moving average is $32.39. The firm has a market capitalization of $11.83 billion, a P/E ratio of 143.41, a PEG ratio of 1.65 and a beta of 1.43.

Celsius (NASDAQ:CELH) last issued its earnings results 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 the consensus estimate of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. On average, equities research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 132,171 shares of the company’s stock in a transaction that occurred on 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 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 filing with the SEC, which is accessible through this link. Insiders own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Celsius in a research note on Thursday, June 12th. They set a “buy” rating and a $47.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Celsius from $39.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, TD Cowen raised shares of Celsius from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $55.00 in a research note on Monday, June 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $45.18.

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.