Algert Global LLC Buys 28,810 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Algert Global LLC boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 157.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,070 shares of the company's stock after buying an additional 28,810 shares during the period. Algert Global LLC's holdings in Celsius were worth $1,240,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CELH. HM Payson & Co. raised its position in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 550 shares during the last quarter. S.A. Mason LLC raised its holdings in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after buying an additional 1,114 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after buying an additional 441 shares during the last quarter. Finally, Knuff & Co LLC bought a new stake in shares of Celsius during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $36.76 on Friday. The firm's 50 day simple moving average is $34.00 and its two-hundred day simple moving average is $29.67. The company has a market capitalization of $9.47 billion, a P/E ratio of 83.55, a P/E/G ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CELH. Roth Mkm reaffirmed a "buy" rating and issued a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. Piper Sandler increased their price objective on Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of Celsius in a report on Wednesday. UBS Group upped their target price on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and a consensus target price of $46.88.

Insider Buying and Selling

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction 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 position. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by company 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.

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