River Global Investors LLP Purchases Shares of 44,338 Celsius Holdings, Inc. (NASDAQ:CELH)

River Global Investors LLP acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,338 shares of the company's stock, valued at approximately $1,168,000.

A number of other institutional investors have also modified their holdings of CELH. Raymond James Financial Inc. acquired a new position in Celsius during the fourth quarter valued at approximately $61,160,000. Arizona State Retirement System lifted its holdings in shares of Celsius by 1.3% during the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company's stock valued at $1,158,000 after acquiring an additional 553 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Celsius during the 4th quarter worth $406,000. M&T Bank Corp increased its holdings in Celsius by 70.8% in the 4th quarter. M&T Bank Corp now owns 52,540 shares of the company's stock valued at $1,383,000 after purchasing an additional 21,775 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Celsius by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company's stock valued at $37,093,000 after purchasing an additional 26,959 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction that occurred 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 owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

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Analysts Set New Price Targets

CELH has been the subject of several analyst reports. TD Cowen downgraded Celsius from a "buy" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. B. Riley restated a "buy" rating and issued a $49.00 price target (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Needham & Company LLC boosted 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday, December 12th. They set a "hold" rating and a $32.00 price target for the company. Finally, Jefferies Financial Group cut their price objective 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.78.

Celsius Stock Down 1.2 %

CELH stock traded down $0.34 during trading on Wednesday, hitting $27.49. 7,386,901 shares of the company's stock traded hands, compared to its average volume of 7,148,233. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 62.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The stock has a fifty day moving average price of $25.86 and a two-hundred day moving average price of $29.14.

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