EntryPoint Capital LLC Purchases New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

EntryPoint Capital LLC acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,007 shares of the company’s stock, valued at approximately $422,000.

Several other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after purchasing an additional 26,801 shares during the period. iA Global Asset Management Inc. purchased a new position in shares of Celsius in the 3rd quarter worth about $2,772,000. Diversified Trust Co bought a new position in Celsius during the fourth quarter valued at about $869,000. Finally, Bennett Selby Investments LP increased its holdings in Celsius by 392.6% during the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock worth $1,360,000 after buying an additional 41,161 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 1.1 %

CELH stock opened at $35.26 on Wednesday. The company’s 50 day moving average is $26.43 and its 200 day moving average is $28.74. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 80.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Roth Mkm reissued a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. UBS Group decreased their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.