12,545 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Purchased by Sciencast Management LP

Sciencast Management LP acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,545 shares of the company’s stock, valued at approximately $330,000.

Several other large investors have also made changes to their positions in the business. TD Private Client Wealth LLC lifted its position in shares of Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after purchasing an additional 459 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Celsius during the 4th quarter worth about $74,000. Contrarius Group Holdings Ltd acquired a new position in shares of Celsius during the 4th quarter worth about $75,535,000. Thrivent Financial for Lutherans lifted its position in shares of Celsius by 105.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 75,415 shares of the company’s stock worth $1,986,000 after purchasing an additional 38,729 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Celsius during the 4th quarter worth about $5,435,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CELH. Jefferies Financial Group cut their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. UBS Group cut their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. JPMorgan Chase & Co. began coverage on Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. Finally, Needham & Company LLC upped their price target on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Celsius Price Performance

NASDAQ CELH opened at $32.93 on Friday. The firm has a market cap of $7.74 billion, a PE ratio of 74.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85. The stock’s 50 day simple moving average is $26.11 and its 200 day simple moving average is $28.72.

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

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the 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 in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate 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.