American Assets Investment Management LLC Has $1.78 Million Holdings in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• American Assets Investment Management LLC increased its holdings in Celsius Holdings Inc. by 25% in the 1st quarter, now owning 50,000 shares valued at approximately $1.78 million.
• Several institutional investors significantly boosted their positions in Celsius, with Alyeska Investment Group growing its stake by 60.5% in the 4th quarter, now holding shares worth about $181 million.
• The stock has received multiple upgrades from analysts, with Needham & Company raising its price target from $47.00 to $55.00 and affirming a "buy" rating, reflecting growing optimism about Celsius Holdings Inc.'s future performance.

American Assets Investment Management LLC lifted its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the company's stock after purchasing an additional 10,000 shares during the period. American Assets Investment Management LLC's holdings in Celsius were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CELH. Alyeska Investment Group L.P. grew its holdings in Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after buying an additional 2,591,345 shares during the last quarter. FMR LLC boosted its position in shares of Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after acquiring an additional 1,585,839 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of Celsius in the fourth quarter valued at approximately $85,068,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Celsius by 12.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,682,225 shares of the company's stock worth $70,650,000 after purchasing an additional 298,565 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Celsius by 32.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company's stock worth $50,761,000 after purchasing an additional 468,094 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Transactions at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the transaction, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the transaction, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 962,974 shares of company stock worth $44,658,418. Corporate insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CELH. Needham & Company LLC boosted their price objective on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Citigroup assumed coverage on shares of Celsius in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $55.00 target price on the stock. Roth Capital reissued a "buy" rating and issued a $52.00 target price (up previously from $46.00) on shares of Celsius in a research note on Thursday, June 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.83.

Celsius Stock Up 1.0%

NASDAQ:CELH opened at $45.18 on Tuesday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $48.47. The company's 50-day moving average price is $43.50 and its two-hundred day moving average price is $35.50. The firm has a market cap of $11.64 billion, a PE ratio of 141.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last announced its 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 return on equity of 42.12% and a net margin of 8.40%. The company had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Celsius's revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Celsius Company Profile

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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