Maridea Wealth Management LLC Purchases New Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Maridea Wealth Management LLC purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,811 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock valued at $416,517,000 after buying an additional 345,837 shares in the last quarter. State Street Corp grew its position in shares of Celsius by 3.2% in the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after acquiring an additional 165,329 shares during the period. Geode Capital Management LLC increased its stake in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after purchasing an additional 104,896 shares during the last quarter. Contrarius Group Holdings Ltd bought a new stake in shares of Celsius in the 4th quarter valued at about $75,535,000. Finally, Norges Bank acquired a new stake in Celsius in the 4th quarter valued at about $72,579,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Finally, UBS Group reduced their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $44.41.

Celsius Stock Performance

CELH opened at $33.65 on Friday. The firm has a market cap of $7.91 billion, a P/E ratio of 76.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The business’s fifty day moving average is $26.86 and its 200-day moving average is $28.80. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS 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 analyst estimates of $326.07 million. On average, research analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other Celsius news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated 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 directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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.