AlphaQuest LLC Reduces Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

AlphaQuest LLC lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 94.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,140 shares of the company's stock after selling 20,674 shares during the quarter. AlphaQuest LLC's holdings in Celsius were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CELH. Amundi raised its position in Celsius by 7.7% during the 4th quarter. Amundi now owns 408,505 shares of the company's stock worth $11,851,000 after buying an additional 29,189 shares during the last quarter. HM Payson & Co. boosted its holdings in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after purchasing an additional 550 shares during the last quarter. River Global Investors LLP acquired a new stake in Celsius during the 4th quarter worth about $1,168,000. Raymond James Financial Inc. purchased a new position in shares of Celsius during the 4th quarter valued at about $61,160,000. Finally, Arizona State Retirement System lifted its holdings in shares of Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company's stock valued at $1,158,000 after buying an additional 553 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. started coverage on shares of Celsius in a report on Thursday, December 12th. They set an "overweight" rating and a $37.00 target price for the company. B. Riley reissued a "buy" rating and set a $49.00 price target (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Piper Sandler cut their price objective on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Celsius Stock Up 1.1 %

Shares of Celsius stock traded up $0.38 during trading hours on Tuesday, reaching $35.26. 7,681,144 shares of the company's stock were exchanged, compared to its average volume of 7,349,505. The business has a fifty day moving average of $26.26 and a two-hundred day moving average of $28.71. The company has a market capitalization of $8.29 billion, a P/E ratio of 80.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

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.