Pilgrim Partners Asia Pte Ltd Acquires Shares of 8,000 Celsius Holdings, Inc. (NASDAQ:CELH)

Pilgrim Partners Asia Pte Ltd bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the company’s stock, valued at approximately $211,000.

A number of other large investors have also recently made changes to their positions in CELH. HM Payson & Co. lifted its holdings in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Blue Trust Inc. grew its stake in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in Celsius during the 4th quarter worth $50,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Down 1.3 %

Shares of NASDAQ:CELH opened at $35.54 on Friday. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The company has a market cap of $8.36 billion, a PE ratio of 80.77, a price-to-earnings-growth ratio of 2.90 and a beta of 1.57. The company’s 50 day moving average is $27.85 and its 200 day moving average is $28.92.

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

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The shares were 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 of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Jefferies Financial Group reduced their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. B. Riley reiterated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Finally, UBS Group reduced their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.00.

About Celsius

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.