SlateStone Wealth LLC Grows Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

SlateStone Wealth LLC lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 175.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,526 shares of the company's stock after acquiring an additional 22,650 shares during the quarter. SlateStone Wealth LLC's holdings in Celsius were worth $1,937,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its holdings in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Heritage Wealth Advisors acquired a new position in Celsius during the 3rd quarter worth $32,000. Harvest Fund Management Co. Ltd acquired a new position in Celsius during the 3rd quarter worth $36,000. Global Wealth Strategies & Associates acquired a new position in shares of Celsius during the third quarter valued at about $39,000. Finally, Signaturefd LLC raised its position in shares of Celsius by 212.0% during the third quarter. Signaturefd LLC now owns 337 shares of the company's stock valued at $58,000 after buying an additional 229 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Celsius

In related news, Director Caroline S. Levy sold 20,000 shares of Celsius stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the sale, the director now directly owns 37,891 shares of the company's stock, valued at approximately $3,590,930.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Dean Desantis sold 100,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the sale, the director now owns 37,891 shares of the company's stock, valued at $3,590,930.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 780,433 shares of company stock valued at $49,149,715. 2.20% of the stock is owned by insiders.

Celsius Price Performance

Celsius stock traded down $0.03 during midday trading on Wednesday, hitting $72.00. The company's stock had a trading volume of 4,055,975 shares, compared to its average volume of 4,760,610. Celsius Holdings, Inc. has a 1-year low of $29.91 and a 1-year high of $99.62. The company has a 50-day moving average price of $79.44 and a two-hundred day moving average price of $64.63. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 93.51, a PEG ratio of 2.04 and a beta of 1.86.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The company 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 revenue for the quarter was up 95.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. Sell-side analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

CELH has been the topic of several research analyst reports. Wedbush upped their price objective on shares of Celsius from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Stifel Europe increased their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Stifel Nicolaus raised their price objective on shares of Celsius from $67.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Jefferies Financial Group raised their price objective on shares of Celsius from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Finally, Morgan Stanley restated an "equal weight" rating and set a $75.00 price objective on shares of Celsius in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $85.10.

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.