American Assets Investment Management LLC Buys New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

American Assets Investment Management LLC acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 40,000 shares of the company's stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CELH. Louisiana State Employees Retirement System raised its holdings in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock worth $1,151,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. raised its stake in 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 purchasing an additional 441 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock valued at $99,000 after purchasing an additional 459 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Celsius by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after buying an additional 490 shares in the last quarter. Finally, Apriem Advisors grew its stake in shares of Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after buying an additional 525 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Insider Buying and Selling at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the business'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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Celsius Price Performance

Shares of CELH stock traded up $1.30 during mid-day trading on Friday, hitting $37.64. The stock had a trading volume of 9,776,913 shares, compared to its average volume of 8,035,393. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $79.52. The firm's 50-day moving average is $36.34 and its two-hundred day moving average is $30.44. The firm has a market capitalization of $9.70 billion, a P/E ratio of 85.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65.

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

Analyst Ratings Changes

A number of brokerages recently commented on CELH. Roth Mkm reaffirmed a "buy" rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $47.00 price objective on shares of Celsius in a research note on Thursday. LADENBURG THALM/SH SH dropped their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Stifel Nicolaus decreased 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, Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and raised their price target for the stock from $35.00 to $45.00 in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $47.00.

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.