Ameriprise Financial Inc. Raises Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Ameriprise Financial Inc. boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 32.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,927,192 shares of the company's stock after acquiring an additional 468,094 shares during the period. Ameriprise Financial Inc. owned about 0.82% of Celsius worth $50,761,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its holdings in Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock valued at $1,151,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after acquiring an additional 441 shares during the last quarter. TD Private Client Wealth LLC raised 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 acquiring an additional 459 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Celsius by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after purchasing an additional 490 shares during the last quarter. Finally, Apriem Advisors increased its stake in Celsius by 3.0% in the fourth quarter. Apriem Advisors now owns 18,149 shares of the company's stock valued at $478,000 after purchasing an additional 525 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CELH shares. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Celsius in a report on Wednesday. Truist Financial raised Celsius from a "hold" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $45.00 in a report on Monday, March 31st. Roth Mkm reissued a "buy" rating and issued a $38.00 target price on shares of Celsius in a report on Friday, February 21st. B. Riley reissued a "buy" rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, TD Cowen cut Celsius from a "buy" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $46.88.

Celsius Price Performance

Celsius stock opened at $36.76 on Friday. The stock's 50 day moving average price is $34.00 and its 200 day moving average price is $29.67. The company has a market cap of $9.47 billion, a PE ratio of 83.55, a price-to-earnings-growth 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. During the same quarter in the prior year, the business earned $0.27 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.55% 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.

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