Picton Mahoney Asset Management Invests $2.45 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

Picton Mahoney Asset Management purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 92,798 shares of the company's stock, valued at approximately $2,445,000.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System lifted its position in Celsius by 0.9% in 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 in the last quarter. Blue Trust Inc. lifted its position in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after buying an additional 441 shares in the last quarter. Apriem Advisors lifted its position in Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after buying an additional 525 shares in the last quarter. HM Payson & Co. lifted its position in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after buying an additional 550 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company's stock worth $1,158,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Wall Street Analyst Weigh In

CELH has been the subject of a number of research analyst reports. Needham & Company LLC increased their target price on shares of Celsius from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Roth Mkm restated a "buy" rating and set a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley restated 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, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

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Insiders Place Their Bets

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The transaction 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 the firm'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 completion of the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Celsius Price Performance

NASDAQ:CELH traded down $0.65 during midday trading on Thursday, reaching $31.25. The stock had a trading volume of 6,650,921 shares, compared to its average volume of 7,247,125. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85. The firm's fifty day simple moving average is $25.94 and its 200-day simple moving average is $28.79. The stock has a market capitalization of $7.35 billion, a P/E ratio of 71.02, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company 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%. On average, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

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.