State of Michigan Retirement System Grows Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

State of Michigan Retirement System boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELHFree Report) by 200.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,600 shares of the company’s stock after acquiring an additional 143,800 shares during the quarter. State of Michigan Retirement System’s holdings in Celsius were worth $11,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Heritage Wealth Advisors purchased a new position in Celsius during the 3rd quarter valued at about $32,000. St. Johns Investment Management Company LLC bought a new stake in shares of Celsius in the 3rd quarter worth approximately $34,000. Parkside Financial Bank & Trust purchased a new position in shares of Celsius during the second quarter valued at approximately $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Celsius during the third quarter valued at approximately $36,000. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Celsius

In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the completion of the sale, the director now directly owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder William H. Milmoe sold 60,462 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the completion of the sale, the insider now owns 31,603,782 shares of the company’s stock, valued at $1,053,354,054.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nicholas Castaldo sold 165,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The disclosure for this sale can be found here. Insiders sold a total of 1,094,783 shares of company stock valued at $62,679,671 in the last three months. Company insiders own 2.70% of the company’s stock.

Celsius Stock Down 4.4 %

Celsius stock opened at $78.89 on Wednesday. The company’s 50-day moving average price is $72.61 and its 200-day moving average price is $62.50. Celsius Holdings, Inc. has a twelve month low of $28.08 and a twelve month high of $99.62. The company has a market cap of $18.22 billion, a PE ratio of 102.01, a price-to-earnings-growth ratio of 2.42 and a beta of 1.86.

Celsius (NASDAQ:CELHGet Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm’s revenue was up 95.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CELH shares. Piper Sandler boosted their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Wedbush upped their target price on Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Stifel Nicolaus lifted their price target on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Roth Mkm raised their price objective on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Finally, Jefferies Financial Group increased their price target on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.10.

Read Our Latest Analysis on CELH

Celsius Company Profile

(Free Report)

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, 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.

Further Reading

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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