Sovran Advisors LLC Buys 20,637 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Sovran Advisors LLC boosted its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,405 shares of the company's stock after buying an additional 20,637 shares during the period. Sovran Advisors LLC's holdings in Celsius were worth $3,851,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CELH. Proficio Capital Partners LLC purchased a new stake in Celsius in the 4th quarter valued at approximately $406,000. Versor Investments LP purchased a new stake in shares of Celsius during the fourth quarter worth about $279,000. Bridges Investment Management Inc. raised its position in shares of Celsius by 32.1% in the fourth quarter. Bridges Investment Management Inc. now owns 22,170 shares of the company's stock valued at $584,000 after buying an additional 5,387 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Celsius by 21.9% in the fourth quarter. Jones Financial Companies Lllp now owns 17,350 shares of the company's stock valued at $457,000 after buying an additional 3,116 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Celsius during the fourth quarter valued at approximately $194,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CELH has been the subject of a number of recent analyst reports. TD Cowen raised Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Wells Fargo & Company boosted their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. UBS Group upped their price target on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $47.00 price objective on shares of Celsius in a research note on Thursday, May 29th. Finally, LADENBURG THALM/SH SH decreased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.18.

Celsius Stock Up 2.5%

Shares of CELH traded up $1.15 during mid-day trading on Monday, reaching $47.04. The company's stock had a trading volume of 1,841,278 shares, compared to its average volume of 8,109,393. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $61.25. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 147.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. The business has a fifty day moving average of $38.98 and a 200 day moving average of $32.39.

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

Insider Activity at Celsius

In other news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer now owns 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.55% of the stock is owned by corporate insiders.

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.