KLP Kapitalforvaltning AS Purchases Shares of 30,800 Celsius Holdings, Inc. (NASDAQ:CELH)

KLP Kapitalforvaltning AS purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,800 shares of the company's stock, valued at approximately $811,000.

Several other large investors have also modified their holdings of CELH. HM Payson & Co. raised its holdings in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares during the last quarter. S.A. Mason LLC lifted its holdings in Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after purchasing an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after purchasing an additional 1,114 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Finally, Knuff & Co LLC purchased a new stake in shares of Celsius during the fourth quarter worth about $50,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Down 1.3 %

Shares of CELH traded down $0.46 during midday trading on Friday, hitting $35.54. The company had a trading volume of 11,079,257 shares, compared to its average volume of 7,603,838. The stock 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 company's 50 day moving average price is $27.85 and its 200 day moving average price is $28.88. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85.

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Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Equities analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CELH. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a "hold" rating and a $32.00 target price on the stock. TD Cowen lowered Celsius from a "buy" rating to a "hold" rating and dropped their target price for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They set an "overweight" rating and a $37.00 target price on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. Finally, Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Insider Buying and Selling at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the stock in a transaction on 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 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 document filed with the SEC, which can be accessed through this link. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, 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 company insiders.

Celsius 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.