Woodline Partners LP Purchases Shares of 63,946 Celsius Holdings, Inc. (NASDAQ:CELH)

Woodline Partners LP bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 63,946 shares of the company's stock, valued at approximately $1,684,000.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. lifted its position in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC grew its stake in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after acquiring an additional 700 shares in the last quarter. Blue Trust Inc. grew its position in Celsius by 32.8% during 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 period. Knuff & Co LLC bought a new position in Celsius during the fourth quarter valued at about $50,000. Finally, Farther Finance Advisors LLC grew its position in Celsius by 32.4% during 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 period. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Activity 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 transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Celsius Stock Performance

CELH traded up $0.68 on Friday, reaching $37.02. The company had a trading volume of 2,223,497 shares, compared to its average volume of 7,965,435. The business has a 50 day simple moving average of $36.29 and a 200 day simple moving average of $30.32. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 83.58, a P/E/G ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $80.65.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results 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 analysts' expectations of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, equities research analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $47.00 target price on shares of Celsius in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Roth Mkm reiterated a "buy" rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, UBS Group increased their target price 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 issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average target price of $47.00.

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.