Tocqueville Asset Management L.P. Acquires New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

Tocqueville Asset Management L.P. bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 206,339 shares of the company's stock, valued at approximately $5,435,000. Tocqueville Asset Management L.P. owned 0.09% of Celsius at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CELH. Louisiana State Employees Retirement System grew its holdings 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. boosted its position in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after acquiring an additional 441 shares during the period. Apriem Advisors grew its stake in shares of Celsius by 3.0% in the fourth quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after purchasing an additional 525 shares in the last quarter. HM Payson & Co. increased its holdings in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after purchasing an additional 550 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Celsius by 1.3% during the fourth quarter. Arizona State Retirement System now owns 43,958 shares of the company's stock valued at $1,158,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Activity

In other news, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction 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 in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on 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 owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $30.37 on Wednesday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The company has a market cap of $7.14 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The firm has a 50 day simple moving average of $25.88 and a 200 day simple moving average of $28.77.

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Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $332.20 million for 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%. On average, equities analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CELH. Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. Jefferies Financial Group lowered their price objective on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. TD Cowen downgraded Celsius from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, Needham & Company LLC upped their price objective on Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $45.00.

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.

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