Tower Research Capital LLC TRC Boosts Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Tower Research Capital LLC TRC grew its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 140.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,023 shares of the company's stock after purchasing an additional 22,824 shares during the quarter. Tower Research Capital LLC TRC's holdings in Celsius were worth $1,028,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its holdings 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 during the last quarter. Blue Trust Inc. lifted 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 buying an additional 441 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Celsius by 14.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after buying an additional 459 shares during the period. Treasurer of the State of North Carolina grew its stake in Celsius by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock valued at $2,040,000 after buying an additional 490 shares in the last quarter. Finally, Apriem Advisors raised its holdings in 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 acquiring an additional 525 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Celsius

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 value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Celsius Stock Performance

NASDAQ:CELH traded down $0.81 during mid-day trading on Monday, reaching $35.93. The stock had a trading volume of 5,161,715 shares, compared to its average volume of 7,795,271. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85. The firm has a 50 day moving average price of $32.40 and a two-hundred day moving average price of $29.48. The stock has a market capitalization of $9.26 billion, a P/E ratio of 81.66, a P/E/G ratio of 2.90 and a beta of 1.58.

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, topping 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 firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Piper Sandler upped their price target on Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Thursday, April 17th. Needham & Company LLC raised their price objective on shares of Celsius from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. TD Cowen lowered shares of 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 report on Wednesday, January 22nd. Finally, UBS Group raised their price target on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.47.

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.