Raymond James Financial Inc. Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Raymond James Financial Inc. bought a new stake in 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 & Exchange Commission. The institutional investor bought 2,321,946 shares of the company's stock, valued at approximately $61,160,000. Raymond James Financial Inc. owned 0.99% of Celsius as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CELH. S.A. Mason LLC lifted its position in Celsius by 100.0% during 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 in the last quarter. Activest Wealth Management bought a new position in shares of Celsius in the third quarter worth about $39,000. GAMMA Investing LLC lifted its position in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after buying an additional 1,114 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after acquiring an additional 441 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Celsius in the 3rd quarter worth approximately $55,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler lowered their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 target price for the company. Morgan Stanley reaffirmed an "equal weight" rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Needham & Company LLC boosted their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $47.78.

Celsius Stock Down 3.1 %

NASDAQ:CELH traded down $0.86 during mid-day trading on Thursday, hitting $26.63. 5,024,559 shares of the stock traded hands, compared to its average volume of 7,157,364. The firm's 50 day moving average is $25.87 and its two-hundred day moving average is $29.11. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 60.52, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating 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 company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. As a group, research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

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.