Bridges Investment Management Inc. Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Bridges Investment Management Inc. boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 32.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,170 shares of the company’s stock after acquiring an additional 5,387 shares during the quarter. Bridges Investment Management Inc.’s holdings in Celsius were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after acquiring an additional 26,801 shares during the period. Van ECK Associates Corp boosted its holdings in Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. raised its position in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Celsius during the 3rd quarter valued at approximately $2,772,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CELH. Jefferies Financial Group lowered their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Piper Sandler lowered their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Down 1.2 %

Celsius stock opened at $25.69 on Monday. The company has a market capitalization of $6.04 billion, a P/E ratio of 58.39, a PEG ratio of 2.90 and a beta of 1.78. The stock’s 50 day moving average is $25.91 and its 200 day moving average is $29.83. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $99.62.

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