Korea Investment CORP Has $6 Million Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Korea Investment CORP raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 100.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,624 shares of the company's stock after acquiring an additional 114,003 shares during the period. Korea Investment CORP owned approximately 0.10% of Celsius worth $5,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock worth $1,151,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after purchasing an additional 441 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Celsius by 14.0% in 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 in the last quarter. Apriem Advisors lifted its holdings in Celsius by 3.0% during the 4th quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after buying an additional 525 shares during the last quarter. Finally, HM Payson & Co. increased its holdings in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CELH shares. Stifel Nicolaus reduced their target price on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. UBS Group lowered their target price on shares of Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Roth Mkm reiterated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $45.00.

Celsius Price Performance

Shares of NASDAQ CELH traded down $0.46 during midday trading on Friday, reaching $35.54. 11,079,257 shares of the company traded hands, compared to its average volume of 7,603,838. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 80.77, a PEG ratio of 2.90 and a beta of 1.57. The stock has a 50-day moving average price of $27.85 and a 200 day moving average price of $28.88. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last posted 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 business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Activity

In other news, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

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.