Spire Wealth Management Acquires 369 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Spire Wealth Management grew its position in Celsius Holdings, Inc. (NASDAQ:CELHFree Report) by 42.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,248 shares of the company’s stock after purchasing an additional 369 shares during the quarter. Spire Wealth Management’s holdings in Celsius were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Money Concepts Capital Corp bought a new position in shares of Celsius in the fourth quarter worth approximately $28,000. IFP Advisors Inc boosted its position in shares of Celsius by 24.2% in the second quarter. IFP Advisors Inc now owns 6,135 shares of the company’s stock worth $29,000 after purchasing an additional 1,196 shares during the period. Parkside Financial Bank & Trust bought a new position in shares of Celsius in the second quarter worth approximately $30,000. National Bank of Canada FI boosted its position in shares of Celsius by 52.9% in the second quarter. National Bank of Canada FI now owns 321 shares of the company’s stock worth $31,000 after purchasing an additional 111 shares during the period. Finally, Covestor Ltd boosted its position in shares of Celsius by 146.5% in the second quarter. Covestor Ltd now owns 212 shares of the company’s stock worth $32,000 after purchasing an additional 126 shares during the period. 60.32% of the stock is currently owned by institutional investors.

Celsius Stock Down 0.5 %

CELH stock opened at $58.39 on Friday. Celsius Holdings, Inc. has a 52 week low of $26.75 and a 52 week high of $68.95. The firm has a market capitalization of $13.53 billion, a P/E ratio of 121.65 and a beta of 1.73. The company has a fifty day simple moving average of $53.93 and a two-hundred day simple moving average of $57.05.

Celsius (NASDAQ:CELHGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13. Celsius had a net margin of 13.54% and a return on equity of 160.56%. The business had revenue of $384.80 million for the quarter, compared to the consensus estimate of $351.54 million. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. The business’s revenue for the quarter was up 104.5% on a year-over-year basis. As a group, analysts anticipate that Celsius Holdings, Inc. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Celsius in a research report on Monday, November 13th. They issued a “buy” rating for the company. William Blair assumed coverage on shares of Celsius in a research report on Monday, October 23rd. They set an “outperform” rating for the company. Maxim Group upgraded shares of Celsius from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Friday, February 2nd. Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a research report on Friday, January 19th. Finally, Stifel Nicolaus dropped their target price on shares of Celsius to $64.00 and set a “buy” rating for the company in a research report on Monday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.59.

Check Out Our Latest Stock Report on Celsius

Insider Activity

In other news, EVP Tony Guilfoyle sold 10,190 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $53.14, for a total value of $541,496.60. Following the sale, the executive vice president now owns 234,340 shares of the company’s stock, valued at $12,452,827.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Tony Guilfoyle sold 10,190 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $53.14, for a total value of $541,496.60. Following the transaction, the executive vice president now owns 234,340 shares of the company’s stock, valued at approximately $12,452,827.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jarrod Langhans sold 2,401 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $56.72, for a total transaction of $136,184.72. Following the completion of the transaction, the chief financial officer now directly owns 82,046 shares in the company, valued at approximately $4,653,649.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,109,248 shares of company stock valued at $52,144,766. 2.70% of the stock is currently owned by company insiders.

About Celsius

(Free Report)

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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