244,460 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 244,460 shares of the company's stock, valued at approximately $6,439,000. Peregrine Capital Management LLC owned approximately 0.10% of Celsius at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. S.A. Mason LLC increased its holdings in Celsius by 100.0% in the fourth 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 during the period. Activest Wealth Management acquired a new stake in Celsius in the third quarter valued at $39,000. Blue Trust Inc. increased its holdings in Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company's stock valued at $42,000 after purchasing an additional 549 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Up 27.8 %

NASDAQ CELH traded up $7.09 during trading hours on Friday, hitting $32.62. The company's stock had a trading volume of 62,307,510 shares, compared to its average volume of 9,298,918. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The company has a market capitalization of $7.67 billion, a PE ratio of 74.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. The company's 50-day simple moving average is $26.00 and its two-hundred day simple moving average is $30.43.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on CELH shares. UBS Group decreased their price objective on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Morgan Stanley reiterated an "equal weight" rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target on shares of Celsius in a report on Tuesday, January 28th. TD Cowen downgraded Celsius from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group decreased their price target on Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $47.67.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company's stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company's stock.

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.