Proficio Capital Partners LLC Buys New Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Proficio Capital Partners LLC purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, HoldingsChannel reports. The firm purchased 15,409 shares of the company’s stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of 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 acquiring an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC increased its position in shares of 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 in the last quarter. MIG Capital LLC acquired a new position in shares of Celsius during the 3rd quarter worth approximately $30,358,000. Peregrine Capital Management LLC purchased a new position in shares of Celsius during the 4th quarter valued at approximately $6,439,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of CELH stock opened at $34.88 on Tuesday. The company has a market capitalization of $8.20 billion, a PE ratio of 79.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The firm’s 50-day moving average is $26.26 and its two-hundred day moving average is $28.71. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85.

Celsius (NASDAQ:CELH) last released its quarterly 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. The firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. UBS Group lowered their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Morgan Stanley reissued an “equal weight” rating and set a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Finally, Jefferies Financial Group lowered their price target on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Buying and Selling at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The shares were 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 $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 available at the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company’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 transaction 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 represents 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.

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.