Silvercrest Asset Management Group LLC Increases Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Silvercrest Asset Management Group LLC lifted its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 430.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,956 shares of the company's stock after purchasing an additional 87,592 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Celsius were worth $2,844,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. HM Payson & Co. lifted its position in 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 buying an additional 550 shares during the last quarter. S.A. Mason LLC lifted its position in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after buying an additional 700 shares during the last quarter. Blue Trust Inc. lifted its position in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after buying an additional 441 shares during the last quarter. Knuff & Co LLC acquired a new position in Celsius in the fourth quarter valued at about $50,000. Finally, Farther Finance Advisors LLC lifted its position in Celsius by 32.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock valued at $66,000 after buying an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Ratings Changes

CELH has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC upped their target price on shares of Celsius from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. B. Riley reissued a "buy" rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Piper Sandler increased their price target on shares of Celsius from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Thursday, April 17th. Finally, UBS Group increased their price target on shares of Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, four have given 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 an average price target of $47.00.

Insider Buying and Selling at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by insiders.

Celsius Stock Down 4.8%

Shares of NASDAQ:CELH opened at $37.50 on Tuesday. The firm's 50 day moving average price is $35.38 and its 200 day moving average price is $29.96. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 85.23, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm 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 firm's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. On average, equities analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

About Celsius

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.

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