Pilgrim Partners Asia Pte Ltd Invests $211,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,000 shares of the company's stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its holdings in shares of 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 during the last quarter. Blue Trust Inc. lifted its stake in 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 during the last quarter. TD Private Client Wealth LLC increased its position in shares of Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock valued at $99,000 after purchasing an additional 459 shares during the last quarter. Apriem Advisors raised its holdings in shares of Celsius by 3.0% during the 4th quarter. Apriem Advisors now owns 18,149 shares of the company's stock valued at $478,000 after buying an additional 525 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in 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 buying an additional 550 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

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Celsius Price Performance

CELH stock traded down $0.77 during trading on Thursday, hitting $36.48. The stock had a trading volume of 5,563,658 shares, compared to its average volume of 7,668,139. The company's 50-day moving average price is $28.88 and its two-hundred day moving average price is $28.98. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The stock has a market capitalization of $8.58 billion, a P/E ratio of 83.04, a PEG ratio of 2.90 and a beta of 1.58.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CELH. Jefferies Financial Group decreased their price objective 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. UBS Group reduced 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. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research report on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price target for the company. Finally, Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and boosted their price target for the company from $35.00 to $45.00 in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $45.29.

Insiders Place Their Bets

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 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.