Future Fund LLC Grows Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Future Fund LLC raised its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 246.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,817 shares of the company’s stock after acquiring an additional 20,500 shares during the period. Celsius makes up approximately 2.2% of Future Fund LLC’s holdings, making the stock its 24th biggest holding. Future Fund LLC’s holdings in Celsius were worth $759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in Celsius during the third quarter valued at $984,000. Van ECK Associates Corp raised its position in shares of Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares in the last quarter. Bridges Investment Management Inc. raised its position in shares of Celsius by 15.0% during the 3rd quarter. Bridges Investment Management Inc. now owns 16,783 shares of the company’s stock valued at $526,000 after buying an additional 2,186 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Celsius by 35.4% in the 3rd quarter. Covestor Ltd now owns 5,978 shares of the company’s stock valued at $187,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Celsius by 8.4% in the third quarter. Crossmark Global Holdings Inc. now owns 10,723 shares of the company’s stock worth $336,000 after acquiring an additional 834 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Up 7.7 %

CELH opened at $27.39 on Monday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The company has a market capitalization of $6.44 billion, a P/E ratio of 62.25, a PEG ratio of 2.90 and a beta of 1.90. The stock’s fifty day moving average is $25.80 and its two-hundred day moving average is $29.31.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CELH shares. UBS Group decreased 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. Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Stifel Nicolaus dropped their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Needham & Company LLC increased their target price on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Insider Buying and Selling at Celsius

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

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.