Peregrine Capital Management LLC Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Peregrine Capital Management LLC acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 244,460 shares of the company’s stock, valued at approximately $6,439,000. Peregrine Capital Management LLC owned about 0.10% of Celsius at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC lifted its stake in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of Celsius in the third quarter worth about $39,000. Blue Trust Inc. boosted its stake in Celsius by 69.0% during the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after buying an additional 549 shares during the last quarter. S.A. Mason LLC grew its holdings in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after buying an additional 700 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Roth Mkm lowered their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. started coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Celsius Price Performance

Shares of CELH opened at $22.74 on Wednesday. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62. The company has a 50-day moving average of $26.36 and a 200 day moving average of $30.64.

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.