Edgestream Partners L.P. Acquires Shares of 51,062 Celsius Holdings Inc. (NASDAQ:CELH)

Edgestream Partners L.P. purchased a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 51,062 shares of the company's stock, valued at approximately $1,819,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CELH. Vanguard Group Inc. increased its stake in Celsius by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock valued at $416,517,000 after buying an additional 345,837 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Celsius by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after buying an additional 1,444,020 shares during the period. Alyeska Investment Group L.P. increased 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 period. FMR LLC boosted its position in 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 buying an additional 1,585,839 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in Celsius in the 4th quarter valued at approximately $85,068,000. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CELH has been the topic of several research reports. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. Needham & Company LLC increased their price target on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Truist Financial raised their target price on shares of Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company raised their target price on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.47.

Celsius Price Performance

Shares of NASDAQ CELH opened at $44.45 on Friday. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $52.10. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 138.91, a PEG ratio of 1.58 and a beta of 1.45. The stock's fifty day simple moving average is $41.55 and its 200 day simple moving average is $33.91.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares of the company's stock, valued at $851,699,987.90. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Fieldly sold 132,171 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total value of $5,691,283.26. Following the transaction, the chief executive officer owned 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. This trade represents a 10.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,974 shares of company stock worth $25,758,418. Company insiders own 2.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.