Moran Wealth Management LLC Purchases 67,896 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Moran Wealth Management LLC raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 631.5% during the fourth quarter, Holdings Channel reports. The fund owned 78,648 shares of the company’s stock after buying an additional 67,896 shares during the period. Moran Wealth Management LLC’s holdings in Celsius were worth $2,072,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CELH. Louisiana State Employees Retirement System grew its holdings in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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 last quarter. Apriem Advisors grew its stake in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after buying an additional 525 shares during the last quarter. HM Payson & Co. increased its holdings in shares of Celsius by 122.2% in 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 period. Finally, Arizona State Retirement System boosted its holdings in Celsius by 1.3% during the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company’s stock valued at $1,158,000 after acquiring an additional 553 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CELH shares. JPMorgan Chase & Co. began coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. B. Riley restated a “buy” rating and issued a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Celsius Trading Up 2.2 %

CELH opened at $27.83 on Wednesday. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 63.25, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The stock has a fifty day simple moving average of $25.86 and a two-hundred day simple moving average of $29.14. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. On average, analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

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.