Proficio Capital Partners LLC Acquires Shares of 15,409 Celsius Holdings, Inc. (NASDAQ:CELH)

Proficio Capital Partners LLC bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,409 shares of the company's stock, valued at approximately $406,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its position in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock valued at $1,151,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. lifted its position in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after purchasing an additional 441 shares in the last quarter. Apriem Advisors lifted its position in shares of 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 acquiring an additional 525 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Celsius by 6.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company's stock valued at $248,000 after acquiring an additional 586 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Celsius by 6.8% in the fourth quarter. Arkadios Wealth Advisors now owns 9,733 shares of the company's stock valued at $256,000 after acquiring an additional 622 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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Celsius Stock Down 3.1 %

Shares of CELH stock traded down $0.86 on Thursday, hitting $26.63. The stock had a trading volume of 5,024,559 shares, compared to its average volume of 7,157,364. The business has a 50 day moving average price of $25.87 and a 200 day moving average price of $29.11. The company has a market cap of $6.26 billion, a PE ratio of 60.52, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul H. Storey sold 10,188 shares of the business's 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 sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CELH has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They set a "hold" rating and a $32.00 price target for the company. Stifel Nicolaus cut their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. Morgan Stanley reissued an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Needham & Company LLC raised their target price on shares of Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, B. Riley reissued a "buy" rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Celsius has an average rating of "Moderate Buy" and a consensus price target of $47.78.

About Celsius

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.