Level Four Advisory Services LLC Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Level Four Advisory Services LLC grew its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 79.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,220 shares of the company’s stock after acquiring an additional 3,634 shares during the period. Level Four Advisory Services LLC’s holdings in Celsius were worth $448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Celsius by 633.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company’s stock valued at $77,547,000 after buying an additional 1,228,560 shares in the last quarter. Victory Capital Management Inc. increased its stake in Celsius by 622.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,328,487 shares of the company’s stock worth $72,429,000 after buying an additional 1,144,626 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Celsius by 18.7% during the third quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock valued at $831,676,000 after acquiring an additional 762,087 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Celsius by 208.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 911,181 shares of the company’s stock valued at $49,678,000 after acquiring an additional 616,236 shares in the last quarter. Finally, Braun Stacey Associates Inc. boosted its stake in shares of Celsius by 192.5% in the third quarter. Braun Stacey Associates Inc. now owns 634,863 shares of the company’s stock worth $108,942,000 after acquiring an additional 417,825 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Stifel Europe raised their price objective on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Roth Mkm raised their price target on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. UBS Group dropped their price objective on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Celsius in a research note on Friday, May 3rd. Finally, Stifel Nicolaus dropped their price target on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.36.

Celsius Stock Down 0.1 %

Shares of Celsius stock opened at $95.96 on Wednesday. The business’s fifty day simple moving average is $82.07 and its 200-day simple moving average is $68.08. The firm has a market cap of $22.37 billion, a PE ratio of 105.45, a price-to-earnings-growth ratio of 2.68 and a beta of 1.93. Celsius Holdings, Inc. has a 52 week low of $40.87 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same quarter last year, the firm posted $0.13 earnings per share. Celsius’s revenue was up 36.9% compared to the same quarter last year. As a group, equities analysts expect that Celsius Holdings, Inc. will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the sale, the insider now owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,964,450 shares of the company’s stock, valued at $1,429,958,731.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Dean Desantis sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the sale, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,101,696 shares of company stock valued at $136,706,859. Company insiders own 2.20% of the company’s stock.

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.