Silvercrest Asset Management Group LLC Increases Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Silvercrest Asset Management Group LLC lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 430.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 107,956 shares of the company’s stock after purchasing an additional 87,592 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Celsius were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Man Group plc grew its position in shares of Celsius by 91.7% during the fourth quarter. Man Group plc now owns 527,907 shares of the company’s stock worth $13,905,000 after acquiring an additional 252,521 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Celsius by 16.5% during the fourth quarter. Nuveen Asset Management LLC now owns 819,025 shares of the company’s stock worth $21,573,000 after acquiring an additional 116,216 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of Celsius by 86.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 53,730 shares of the company’s stock worth $1,415,000 after acquiring an additional 24,984 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Celsius during the fourth quarter worth approximately $7,420,000. Finally, Investment Management Corp of Ontario grew its position in shares of Celsius by 26.1% during the fourth quarter. Investment Management Corp of Ontario now owns 13,520 shares of the company’s stock worth $356,000 after acquiring an additional 2,798 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of research reports. Roth Mkm restated a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. UBS Group lifted their price objective on shares of Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Truist Financial upgraded shares of Celsius from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $45.00 in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Celsius Stock Down 4.8%

Shares of CELH opened at $37.50 on Tuesday. The company has a 50-day simple moving average of $35.38 and a 200-day simple moving average of $29.96. The company has a market capitalization of $9.67 billion, a PE ratio of 85.23, a P/E/G ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to analysts’ expectations of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. On average, research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of Celsius 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 transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.55% of the company’s stock.

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.