Atria Wealth Solutions Inc. Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Atria Wealth Solutions Inc. lifted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 143.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,627 shares of the company’s stock after purchasing an additional 12,141 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Celsius were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CELH. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Celsius in the fourth quarter valued at approximately $25,000. Cambridge Trust Co. boosted its stake in shares of Celsius by 280.0% in the fourth quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock valued at $31,000 after buying an additional 420 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of Celsius in the third quarter valued at approximately $32,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Celsius during the fourth quarter worth $33,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CELH shares. Maxim Group boosted their target price on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Stifel Nicolaus boosted their target price on Celsius from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Bank of America downgraded Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Friday, January 19th. Jefferies Financial Group boosted their target price on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Roth Mkm boosted their target price on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

Celsius Trading Up 1.5 %

Celsius stock opened at $72.34 on Thursday. The firm has a market capitalization of $16.71 billion, a P/E ratio of 93.54, a PEG ratio of 2.15 and a beta of 1.86. The stock has a fifty day moving average price of $80.34 and a 200 day moving average price of $65.26. Celsius Holdings, Inc. has a 52 week low of $32.29 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. As a group, equities analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Insider Activity at Celsius

In related news, major shareholder Dean Desantis sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the completion of the transaction, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Celsius news, major shareholder Deborah Desantis sold 67,063 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $50.28, for a total transaction of $3,371,927.64. Following the completion of the sale, the insider now directly owns 30,321,589 shares in the company, valued at $1,524,569,494.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dean Desantis sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the sale, the insider now owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,253,278 shares of company stock worth $83,587,047. 2.20% of the stock is currently owned by insiders.

About Celsius

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.