Maridea Wealth Management LLC Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Maridea Wealth Management LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,811 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Celsius during the fourth quarter worth $72,579,000. Blair William & Co. IL grew its holdings in Celsius by 24.9% during the 4th quarter. Blair William & Co. IL now owns 42,099 shares of the company’s stock worth $1,109,000 after acquiring an additional 8,398 shares during the last quarter. Amica Mutual Insurance Co. increased its position in Celsius by 131.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 22,330 shares of the company’s stock valued at $588,000 after acquiring an additional 12,698 shares in the last quarter. Korea Investment CORP increased its position in Celsius by 100.3% in the 4th quarter. Korea Investment CORP now owns 227,624 shares of the company’s stock valued at $5,996,000 after acquiring an additional 114,003 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Celsius in the fourth quarter worth about $422,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

Shares of Celsius stock opened at $33.65 on Friday. The company has a market capitalization of $7.91 billion, a P/E ratio of 76.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The business has a 50-day moving average of $26.86 and a two-hundred day moving average of $28.80. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85.

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

Wall Street Analysts Forecast Growth

CELH has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. B. Riley reissued a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. JPMorgan Chase & Co. initiated coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Finally, Needham & Company LLC upped their target price on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average target price of $44.41.

Insider Activity at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

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.