Raymond James Financial Inc. Acquires Shares of 2,321,946 Celsius Holdings, Inc. (NASDAQ:CELH)

Raymond James Financial Inc. acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,321,946 shares of the company’s stock, valued at approximately $61,160,000. Raymond James Financial Inc. owned 0.99% of Celsius at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CELH. Janney Montgomery Scott LLC purchased a new position in Celsius in the third quarter valued at about $984,000. Van ECK Associates Corp raised its position in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares during the period. Covestor Ltd raised its position in Celsius by 35.4% in the third quarter. Covestor Ltd now owns 5,978 shares of the company’s stock valued at $187,000 after purchasing an additional 1,564 shares during the period. Crossmark Global Holdings Inc. raised 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 valued at $336,000 after purchasing an additional 834 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in Celsius in the third quarter valued at about $55,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 0.6 %

Shares of CELH stock opened at $27.23 on Tuesday. The business has a 50 day moving average of $25.83 and a two-hundred day moving average of $29.22. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The company has a market cap of $6.40 billion, a P/E ratio of 61.89, a PEG ratio of 2.90 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

CELH has been the topic of several research reports. Needham & Company LLC raised their price objective on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price on the stock. Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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 business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred 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 owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents 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.