C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $383,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELHFree Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 4,616 shares of the company’s stock, valued at approximately $383,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CELH. First Trust Advisors LP grew its holdings in Celsius by 123.5% during the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after buying an additional 324,049 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Celsius during the fourth quarter valued at $242,000. Coldstream Capital Management Inc. lifted its position in Celsius by 190.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after purchasing an additional 2,589 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Celsius in the 4th quarter worth $917,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Celsius by 215.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after buying an additional 332,980 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CELH shares. Truist Financial assumed coverage on Celsius in a research report on Tuesday, June 25th. They issued a “hold” rating and a $60.00 price target for the company. TD Cowen dropped their target price on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Celsius in a report on Tuesday. BNP Paribas began coverage on shares of Celsius in a research note on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. Finally, Wedbush reduced their target price on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

View Our Latest Stock Analysis on CELH

Celsius Trading Up 2.5 %

Shares of CELH traded up $1.41 during mid-day trading on Wednesday, hitting $56.96. The company’s stock had a trading volume of 5,235,971 shares, compared to its average volume of 5,010,865. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 61.63, a PEG ratio of 1.62 and a beta of 1.90. The company’s 50-day moving average is $73.22 and its 200-day moving average is $70.62. Celsius Holdings, Inc. has a 52-week low of $45.03 and a 52-week high of $99.62.

Celsius (NASDAQ:CELHGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. Celsius’s revenue was up 36.9% on a year-over-year basis. As a group, sell-side analysts predict that Celsius Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, insider Paul H. Storey sold 1,833 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total transaction of $138,263.19. Following the completion of the sale, the insider now directly owns 41,044 shares of the company’s stock, valued at $3,095,948.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Celsius news, insider Paul H. Storey sold 1,833 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the sale, the insider now directly owns 41,044 shares in the company, valued at $3,095,948.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock valued at $107,920,209 over the last quarter. 2.20% of the stock is owned by corporate insiders.

About Celsius

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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