Celsius Holdings, Inc. (NASDAQ:CELH) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 4,164.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,092 shares of the company's stock after buying an additional 71,378 shares during the period. GAMMA Investing LLC's holdings in Celsius were worth $2,604,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. grew its holdings in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after buying an additional 750 shares during the last quarter. Knuff & Co LLC purchased a new stake in shares of Celsius during the 4th quarter valued at about $50,000. Farther Finance Advisors LLC lifted its holdings in shares of Celsius by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock valued at $66,000 after acquiring an additional 614 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Celsius in the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the sale, the chief executive officer now owns 1,169,380 shares of the company's stock, valued at $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.55% of the company's stock.

Celsius Price Performance

Celsius stock traded down $0.82 during trading hours on Friday, reaching $41.16. The stock had a trading volume of 4,953,580 shares, compared to its average volume of 8,077,688. The business's 50 day moving average price is $37.30 and its 200-day moving average price is $31.21. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $64.19. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 93.55, a PEG ratio of 2.90 and a beta of 1.43.

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 the consensus estimate of $0.20 by ($0.02). The business had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. 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 earned $0.27 earnings per share. On average, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on CELH shares. Truist Financial lifted their price objective on shares of Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Roth Mkm reiterated a "buy" rating and set a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and issued a $47.00 price objective on shares of Celsius in a research note on Thursday, May 29th. B. Riley reissued a "buy" rating and set a $49.00 price target (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Finally, LADENBURG THALM/SH SH cut their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. 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. Based on data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $45.71.

Celsius 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.