Readystate Asset Management LP Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Readystate Asset Management LP boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 182.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,567 shares of the company’s stock after acquiring an additional 84,266 shares during the quarter. Readystate Asset Management LP owned 0.06% of Celsius worth $7,119,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CELH. Vanguard Group Inc. boosted its holdings in Celsius by 183.6% during the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after buying an additional 8,899,873 shares in the last quarter. BlackRock Inc. raised its position in shares of Celsius by 0.9% in the first quarter. BlackRock Inc. now owns 6,435,150 shares of the company’s stock worth $355,091,000 after acquiring an additional 58,764 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after acquiring an additional 1,934,400 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Celsius by 424.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after acquiring an additional 2,261,046 shares during the period. Finally, Capital International Investors raised its holdings in Celsius by 200.0% in the 4th quarter. Capital International Investors now owns 2,632,977 shares of the company’s stock worth $143,550,000 after purchasing an additional 1,755,318 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Performance

Shares of NASDAQ CELH traded down $1.55 during mid-day trading on Wednesday, reaching $70.97. 3,972,023 shares of the company’s stock were exchanged, compared to its average volume of 4,795,458. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 91.77, a PEG ratio of 2.14 and a beta of 1.86. The company’s 50-day moving average is $78.36 and its 200-day moving average is $64.03. Celsius Holdings, Inc. has a 52-week low of $28.10 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm had revenue of $347.44 million during the quarter, compared to analysts’ expectations of $326.77 million. During the same quarter last year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 95.2% on a year-over-year basis. As a group, equities analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity 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 transaction of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the completion of the transaction, the director now directly owns 37,891 shares of the company’s stock, valued at approximately $3,590,930.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the sale, the director now owns 352,864 shares in the company, valued at approximately $29,404,157.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,094,783 shares of company stock worth $62,679,671. 2.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CELH has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a report on Wednesday, March 27th. Stifel Europe upped their price target on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Jefferies Financial Group upped their price target on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Maxim Group upped their price target on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Roth Mkm upped their price target on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $85.10.

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.