Amica Mutual Insurance Co. Purchases 12,698 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Amica Mutual Insurance Co. grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 131.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,330 shares of the company’s stock after buying an additional 12,698 shares during the period. Amica Mutual Insurance Co.’s holdings in Celsius were worth $588,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CELH. Contrarius Group Holdings Ltd purchased a new position in Celsius in the fourth quarter worth $75,535,000. Raymond James Financial Inc. purchased a new position in Celsius during the 4th quarter worth $61,160,000. SG Americas Securities LLC increased its position in Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after buying an additional 1,072,859 shares during the last quarter. Finally, MIG Capital LLC acquired a new stake in Celsius in the third quarter worth about $30,358,000. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. The trade was a 18.36 % 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CELH. B. Riley restated a “buy” rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. UBS Group cut their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Needham & Company LLC lifted their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Price Performance

Shares of NASDAQ CELH opened at $34.90 on Thursday. The firm’s 50 day simple moving average is $26.58 and its 200-day simple moving average is $28.78. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 79.32, a PEG ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius Company 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.