Portside Wealth Group LLC Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Portside Wealth Group LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,152 shares of the company's stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in CELH. Moody National Bank Trust Division lifted its stake in Celsius by 1.3% during the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock worth $968,000 after purchasing an additional 344 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock worth $1,151,000 after purchasing an additional 400 shares during the last quarter. TD Private Client Wealth LLC lifted 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 worth $99,000 after purchasing an additional 459 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Celsius by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after purchasing an additional 490 shares during the last quarter. Finally, Apriem Advisors lifted its stake in Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Price Performance

NASDAQ CELH traded down $0.82 on Friday, reaching $41.16. The company had a trading volume of 4,953,580 shares, compared to its average volume of 8,084,981. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 93.55, a P/E/G ratio of 2.90 and a beta of 1.43. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.19. The business has a 50 day moving average of $37.45 and a two-hundred day moving average of $31.32.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data 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 during 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 business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, research analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, 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 transaction of $5,691,283.26. Following the completion of the sale, the chief executive officer now directly owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. This trade represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CELH has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on Celsius in a research note on Thursday. They set a "buy" rating and a $47.00 target price for the company. UBS Group upped their target price 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 restated a "buy" rating and set a $47.00 target price on shares of Celsius in a research note on Thursday, May 29th. Piper Sandler increased their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Roth Mkm reiterated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus target price 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.