Blue Trust Inc. Purchases 549 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Blue Trust Inc. boosted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 69.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,345 shares of the company’s stock after acquiring an additional 549 shares during the quarter. Blue Trust Inc.’s holdings in Celsius were worth $42,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. FinTrust Capital Advisors LLC acquired a new stake in Celsius in the first quarter worth $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares in the last quarter. Beacon Capital Management LLC bought a new stake in Celsius in the first quarter worth about $40,000. S.A. Mason LLC purchased a new position in shares of Celsius in the second quarter worth about $30,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent analyst reports. Roth Mkm reduced their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Stifel Nicolaus lowered their price target on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Maxim Group decreased their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, LADENBURG THALM/SH SH reduced their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $31.48 on Friday. Celsius Holdings, Inc. has a 1-year low of $28.20 and a 1-year high of $99.62. The company has a market capitalization of $7.34 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.38 and a beta of 1.84. The firm’s 50 day simple moving average is $32.99 and its two-hundred day simple moving average is $52.60.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Celsius’s quarterly revenue was up 23.4% on a year-over-year basis. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.79 earnings per share for the current fiscal year.

Celsius 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.