EFG Asset Management Americas Corp. Buys Shares of 21,846 Celsius Holdings, Inc. (NASDAQ:CELH)

EFG Asset Management Americas Corp. purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,846 shares of the company's stock, valued at approximately $1,191,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock worth $25,000 after acquiring an additional 135 shares during the period. Contravisory Investment Management Inc. bought a new position in Celsius in the 4th quarter valued at approximately $25,000. Cambridge Trust Co. lifted its stake in Celsius by 280.0% in the 4th quarter. Cambridge Trust Co. now owns 570 shares of the company's stock valued at $31,000 after purchasing an additional 420 shares during the last quarter. Heritage Wealth Advisors bought a new position in Celsius in the 3rd quarter valued at approximately $32,000. Finally, Salem Investment Counselors Inc. bought a new position in Celsius in the 4th quarter valued at approximately $33,000. Institutional investors own 60.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CELH shares. Bank of America downgraded shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 price objective for the company. in a research note on Friday, January 19th. Jefferies Financial Group raised their price target on shares of Celsius from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Morgan Stanley reaffirmed an "equal weight" rating and set a $75.00 price target on shares of Celsius in a research note on Wednesday, March 27th. Stifel Europe raised their price target on shares of Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Finally, Maxim Group raised their price target on shares of Celsius from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average target price of $85.10.

Insiders Place Their Bets

In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the completion of the sale, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Nicholas Castaldo sold 165,000 shares of Celsius stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the transaction, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the transaction, the insider now owns 219,257 shares of the company's stock, valued at $20,993,857.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 908,742 shares of company stock worth $54,790,179. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Up 1.4 %

NASDAQ:CELH traded up $0.95 during trading hours on Monday, reaching $69.79. The company had a trading volume of 3,787,357 shares, compared to its average volume of 4,747,123. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 90.25, a P/E/G ratio of 2.01 and a beta of 1.86. The business's 50-day simple moving average is $79.01 and its two-hundred day simple moving average is $64.43. Celsius Holdings, Inc. has a twelve month low of $29.91 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to analysts' expectations of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business's quarterly revenue was up 95.2% on a year-over-year basis. During the same period last year, the company posted $0.01 earnings per share. As a group, equities analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

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.