Norges Bank Purchases New Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Norges Bank acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,755,474 shares of the company's stock, valued at approximately $72,579,000. Norges Bank owned about 1.17% of Celsius at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CELH. Louisiana State Employees Retirement System increased its holdings in shares of 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 buying an additional 400 shares during the last quarter. Blue Trust Inc. grew its position in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC increased its stake in Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after acquiring an additional 459 shares during the last quarter. Apriem Advisors raised its position in Celsius by 3.0% in the fourth quarter. Apriem Advisors now owns 18,149 shares of the company's stock valued at $478,000 after purchasing an additional 525 shares during the period. Finally, HM Payson & Co. lifted its stake 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 purchasing an additional 550 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

CELH has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Piper Sandler reduced their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They issued a "hold" rating and a $32.00 target price for the company. Finally, Jefferies Financial Group decreased their price target on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Celsius Stock Performance

Shares of CELH traded down $0.08 during midday trading on Monday, hitting $35.46. The company had a trading volume of 10,824,271 shares, compared to its average volume of 7,616,741. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85. The firm has a market capitalization of $8.34 billion, a P/E ratio of 80.59, a P/E/G ratio of 2.90 and a beta of 1.58. The company's 50-day simple moving average is $28.05 and its 200-day simple moving average is $28.86.

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

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated 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. The trade was a 18.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 in the company, valued at approximately $543,947.82. The trade was 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.