Private Advisor Group LLC Takes Position in Celsius Holdings Inc. (NASDAQ:CELH)

Private Advisor Group LLC acquired a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,153 shares of the company's stock, valued at approximately $290,000.

Other institutional investors have also made changes to their positions in the company. Champlain Investment Partners LLC bought a new position in Celsius during the fourth quarter worth about $85,068,000. Alyeska Investment Group L.P. lifted its holdings in shares of Celsius by 60.5% during 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 purchasing an additional 2,591,345 shares in the last quarter. FMR LLC grew its position in shares of Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the period. Two Sigma Investments LP grew its position in shares of Celsius by 264.1% in the 4th quarter. Two Sigma Investments LP now owns 894,158 shares of the company's stock valued at $23,552,000 after purchasing an additional 648,582 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Celsius by 32.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company's stock worth $50,761,000 after purchasing an additional 468,094 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 1.4%

NASDAQ CELH opened at $44.72 on Friday. The firm's fifty day moving average price is $43.50 and its two-hundred day moving average price is $35.39. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $48.47. The firm has a market capitalization of $11.53 billion, a P/E ratio of 139.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40.

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

Insider Activity

In other news, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the sale, the insider owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the completion of the sale, the insider owned 17,917,770 shares of the company's stock, valued at $842,135,190. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 762,974 shares of company stock valued at $35,158,418. 2.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CELH. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and upped their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. Wells Fargo & Company boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen raised Celsius from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. UBS Group upped their price objective on Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Needham & Company LLC increased their price objective on Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Celsius currently has an average rating of "Moderate Buy" and an average target price of $47.83.

Celsius Company 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.