Advisory Services Network LLC Increases Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Advisory Services Network LLC grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 70.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,707 shares of the company’s stock after purchasing an additional 6,933 shares during the quarter. Advisory Services Network LLC’s holdings in Celsius were worth $440,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Contrarius Group Holdings Ltd bought a new stake in shares of Celsius in the fourth quarter worth about $75,535,000. Norges Bank purchased a new stake in Celsius in the 4th quarter worth approximately $72,579,000. Raymond James Financial Inc. bought a new stake in shares of Celsius in the 4th quarter worth approximately $61,160,000. SG Americas Securities LLC increased its stake in shares of Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares during the period. Finally, FMR LLC lifted its stake in Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock worth $106,813,000 after acquiring an additional 1,585,839 shares during the period. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CELH shares. UBS Group reduced their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Jefferies Financial Group lowered their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Needham & Company LLC upped their price target on Celsius from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus target price of $45.29.

Celsius Price Performance

CELH opened at $36.66 on Thursday. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85. The stock has a 50-day moving average price of $30.31 and a 200-day moving average price of $29.19. The firm has a market cap of $9.45 billion, a PE ratio of 83.32, a P/E/G ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $326.07 million. As a group, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other Celsius 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 completion of the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction 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 transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was 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 currently owned by insiders.

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.