Picton Mahoney Asset Management Purchases Shares of 92,798 Celsius Holdings, Inc. (NASDAQ:CELH)

Picton Mahoney Asset Management purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, HoldingsChannel reports. The fund purchased 92,798 shares of the company’s stock, valued at approximately $2,445,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after purchasing an additional 165,329 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Celsius in the 4th quarter worth about $61,160,000. SG Americas Securities LLC increased its stake in Celsius by 10,320.0% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Celsius by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company’s stock worth $37,093,000 after purchasing an additional 26,959 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Needham & Company LLC raised their price objective on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Finally, TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction 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 transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction 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 in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Celsius Stock Performance

NASDAQ CELH opened at $27.08 on Friday. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85. The company has a market capitalization of $6.37 billion, a P/E ratio of 61.55, a P/E/G ratio of 2.90 and a beta of 1.90. The company has a fifty day moving average of $25.84 and a 200-day moving average of $28.94.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $326.07 million. As a group, analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS 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.