Bedell Frazier Investment Counselling LLC Boosts Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Bedell Frazier Investment Counselling LLC grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 76.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 76,834 shares of the company’s stock after purchasing an additional 33,253 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Celsius were worth $2,024,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CELH. Schroder Investment Management Group raised its stake in Celsius by 133.4% in the fourth quarter. Schroder Investment Management Group now owns 431,741 shares of the company’s stock valued at $11,372,000 after buying an additional 246,744 shares during the last quarter. Maridea Wealth Management LLC acquired a new position in shares of Celsius during the fourth quarter valued at about $311,000. Norges Bank purchased a new position in shares of Celsius in the 4th quarter valued at approximately $72,579,000. Blair William & Co. IL boosted its stake in Celsius by 24.9% in the 4th quarter. Blair William & Co. IL now owns 42,099 shares of the company’s stock worth $1,109,000 after purchasing an additional 8,398 shares in the last quarter. Finally, Amica Mutual Insurance Co. grew its position in Celsius by 131.8% during the 4th quarter. Amica Mutual Insurance Co. now owns 22,330 shares of the company’s stock worth $588,000 after purchasing an additional 12,698 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s 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 sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Down 4.3 %

NASDAQ:CELH opened at $33.65 on Monday. The stock has a market capitalization of $7.91 billion, a PE ratio of 76.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The stock’s 50-day moving average price is $26.86 and its 200-day moving average price is $28.77.

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

Analyst Ratings Changes

CELH has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Roth Mkm reiterated a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average target price of $44.41.

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.