Readystate Asset Management LP Boosts Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Readystate Asset Management LP grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 182.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 130,567 shares of the company’s stock after buying an additional 84,266 shares during the period. Readystate Asset Management LP’s holdings in Celsius were worth $7,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Celsius by 183.6% in the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after acquiring an additional 8,899,873 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Celsius by 0.9% in the 1st quarter. BlackRock Inc. now owns 6,435,150 shares of the company’s stock valued at $355,091,000 after acquiring an additional 58,764 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after acquiring an additional 1,934,400 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Celsius by 424.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after acquiring an additional 2,261,046 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Celsius by 200.0% in the 4th quarter. Capital International Investors now owns 2,632,977 shares of the company’s stock valued at $143,550,000 after acquiring an additional 1,755,318 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CELH has been the subject of a number of analyst reports. Maxim Group boosted their price objective on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Stifel Europe boosted their price objective on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Morgan Stanley restated an “equal weight” rating and set a $75.00 price objective on shares of Celsius in a research report on Wednesday, March 27th. Jefferies Financial Group boosted their price objective on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Bank of America lowered Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $85.10.

Insider Activity

In other news, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the sale, the director now directly owns 37,891 shares of the company’s stock, valued at $3,590,930.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Kyle Audrey Watson sold 40,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $89.17, for a total transaction of $3,566,800.00. Following the sale, the chief marketing officer now directly owns 75,060 shares of the company’s stock, valued at $6,693,100.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total value of $1,895,400.00. Following the sale, the director now directly owns 37,891 shares in the company, valued at $3,590,930.07. The disclosure for this sale can be found here. Insiders sold a total of 1,094,783 shares of company stock worth $62,679,671 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Celsius Price Performance

Shares of Celsius stock traded down $1.55 during trading on Wednesday, hitting $70.97. The stock had a trading volume of 3,972,023 shares, compared to its average volume of 4,795,458. The firm has a market cap of $16.39 billion, a P/E ratio of 91.77, a PEG ratio of 2.14 and a beta of 1.86. The business has a fifty day moving average of $78.36 and a two-hundred day moving average of $64.03. Celsius Holdings, Inc. has a fifty-two week low of $28.10 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business 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 company’s revenue was up 95.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, research analysts forecast that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

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.