Versor Investments LP Invests $279,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Versor Investments LP acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,600 shares of the company's stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in shares of Celsius during the fourth quarter worth about $406,000. Apriem Advisors lifted its stake in shares of Celsius by 3.0% during 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. IFP Advisors Inc lifted its stake in shares of Celsius by 21.3% during the fourth quarter. IFP Advisors Inc now owns 30,285 shares of the company's stock worth $799,000 after purchasing an additional 5,315 shares in the last quarter. RPG Investment Advisory LLC acquired a new position in shares of Celsius during the fourth quarter worth about $269,000. Finally, South Dakota Investment Council increased its position in shares of Celsius by 75.1% during the fourth quarter. South Dakota Investment Council now owns 265,611 shares of the company's stock worth $6,996,000 after acquiring an additional 113,893 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Performance

Shares of NASDAQ CELH traded down $0.54 during mid-day trading on Wednesday, reaching $25.36. The company had a trading volume of 5,182,185 shares, compared to its average volume of 7,063,824. The stock has a market capitalization of $5.96 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $99.62. The stock's 50 day moving average is $25.86 and its 200-day moving average is $29.62.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results 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. The company 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%. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company's stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CELH shares. Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. TD Cowen lowered Celsius from a "buy" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Stifel Nicolaus lowered their price objective on 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 price objective on shares of Celsius in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. began coverage on Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price objective for the company. One equities research 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. Based on data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.78.

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.