Fred Alger Management LLC Sells 54,142 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Fred Alger Management LLC lowered its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,260 shares of the company's stock after selling 54,142 shares during the quarter. Fred Alger Management LLC's holdings in Celsius were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CELH. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after buying an additional 550 shares during the last quarter. S.A. Mason LLC lifted its position in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC lifted its position in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after buying an additional 1,114 shares in the last quarter. Blue Trust Inc. lifted its position in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after purchasing an additional 441 shares during the period. Finally, Knuff & Co LLC acquired a new position in Celsius during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Up 1.1%

NASDAQ:CELH traded up $0.43 during mid-day trading on Friday, hitting $39.48. 2,532,668 shares of the company's stock were exchanged, compared to its average volume of 7,884,477. The company has a 50 day simple moving average of $34.94 and a 200-day simple moving average of $29.87. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The firm has a market capitalization of $10.18 billion, a P/E ratio of 89.78, a PEG ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly 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). The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. As a group, analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group raised their target price on shares of Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective 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. Stifel Nicolaus reduced their price objective on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. B. Riley reaffirmed a "buy" rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, LADENBURG THALM/SH SH reduced their price objective 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. One research 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, Celsius has an average rating of "Moderate Buy" and an average price target of $47.00.

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. The trade was a 18.36% decrease in their position. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by company insiders.

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.