Peregrine Capital Management LLC Buys Shares of 244,460 Celsius Holdings, Inc. (NASDAQ:CELH)

Peregrine Capital Management LLC purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 244,460 shares of the company’s stock, valued at approximately $6,439,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC raised its stake in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Activest Wealth Management purchased a new position in shares of Celsius in the 3rd quarter valued at $39,000. Blue Trust Inc. raised its position in shares of Celsius by 69.0% in the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after acquiring an additional 549 shares in the last quarter. S.A. Mason LLC lifted its stake in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after purchasing an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CELH shares. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. Piper Sandler decreased their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. B. Riley decreased their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.56.

Celsius Price Performance

Shares of Celsius stock opened at $22.74 on Wednesday. The stock has a market cap of $5.34 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. The firm has a fifty day moving average price of $26.36 and a 200 day moving average price of $30.64. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $99.62.

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.