Crestline Management LP Buys Shares of 126,416 Celsius Holdings, Inc. (NASDAQ:CELH)

Crestline Management LP acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 126,416 shares of the company's stock, valued at approximately $3,330,000. Crestline Management LP owned about 0.05% of Celsius as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company's stock worth $1,532,000 after purchasing an additional 26,801 shares during the period. Diversified Trust Co bought a new stake in Celsius in the fourth quarter valued at $869,000. Bennett Selby Investments LP boosted its holdings in shares of Celsius by 392.6% during the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company's stock valued at $1,360,000 after acquiring an additional 41,161 shares during the period. Annex Advisory Services LLC bought a new position in shares of Celsius during the fourth quarter worth about $1,165,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Celsius by 5.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company's stock worth $587,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Activity

In related news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction 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 completion of the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CELH has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Celsius in a research report on Wednesday. Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and raised their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. JPMorgan Chase & Co. boosted their price target on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, LADENBURG THALM/SH SH reduced their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.88.

Celsius Price Performance

NASDAQ CELH traded up $1.52 on Friday, hitting $36.76. 6,163,883 shares of the company were exchanged, compared to its average volume of 7,881,240. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The company's 50 day moving average price is $34.00 and its 200-day moving average price is $29.67. The firm has a market capitalization of $9.47 billion, a P/E ratio of 83.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. During the same quarter last year, the company posted $0.27 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts expect that Celsius Holdings, Inc. will post 0.89 EPS 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.