American Assets Inc. Buys New Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

American Assets Inc. bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, HoldingsChannel.com reports. The firm bought 40,000 shares of the company’s stock, valued at approximately $1,054,000. Celsius comprises about 0.3% of American Assets Inc.’s portfolio, making the stock its 6th largest position.

A number of other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position 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 purchasing an additional 400 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares during the period. Apriem Advisors grew its position in Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after buying an additional 525 shares in the last quarter. HM Payson & Co. increased its stake in 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 acquiring an additional 550 shares during the period. Finally, Arizona State Retirement System raised its holdings in Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company’s stock valued at $1,158,000 after acquiring an additional 553 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group lowered their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. started coverage on shares of Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Celsius Stock Up 7.7 %

Celsius stock opened at $27.39 on Friday. The stock has a 50-day simple moving average of $25.80 and a 200 day simple moving average of $29.39. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 62.25, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. As a group, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

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.