HM Payson & Co. Increases Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

HM Payson & Co. raised its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 122.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company’s stock after purchasing an additional 550 shares during the quarter. HM Payson & Co.’s holdings in Celsius were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CELH. Raymond James Financial Inc. acquired a new stake in shares of Celsius during the 4th quarter valued at approximately $61,160,000. SG Americas Securities LLC lifted its position in shares of Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after acquiring an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC lifted its position in shares of Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares during the period. MIG Capital LLC acquired a new stake in shares of Celsius during the 3rd quarter valued at approximately $30,358,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Celsius during the 4th quarter valued at approximately $6,439,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of CELH stock opened at $27.23 on Tuesday. The firm has a fifty day moving average of $25.83 and a two-hundred day moving average of $29.22. The firm has a market cap of $6.40 billion, a P/E ratio of 61.89, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CELH shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. B. Riley restated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Jefferies Financial Group cut their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Needham & Company LLC lifted their price objective on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.78.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Company 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.