Pilgrim Partners Asia Pte Ltd Takes $211,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 8,000 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its holdings in shares of Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. increased its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Celsius by 14.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after purchasing an additional 459 shares during the last quarter. Apriem Advisors lifted its holdings in Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after purchasing an additional 525 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Down 1.3 %

Shares of NASDAQ CELH opened at $35.54 on Friday. The stock has a market capitalization of $8.36 billion, a PE ratio of 80.77, a PEG ratio of 2.90 and a beta of 1.57. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The stock has a fifty day simple moving average of $27.85 and a 200-day simple moving average of $28.92.

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

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. This trade 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 accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction 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 transaction, the insider now directly 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. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CELH shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. B. Riley restated a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Needham & Company LLC increased their price target on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Truist Financial raised Celsius from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.