Picton Mahoney Asset Management Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Picton Mahoney Asset Management acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,798 shares of the company’s stock, valued at approximately $2,445,000.

Several other hedge funds have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in Celsius by 107.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 65,400 shares of the company’s stock worth $1,723,000 after acquiring an additional 33,805 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in Celsius during the fourth quarter worth approximately $215,000. Farther Finance Advisors LLC lifted its position in Celsius by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company’s stock worth $66,000 after acquiring an additional 614 shares during the last quarter. Knuff & Co LLC acquired a new stake in Celsius during the fourth quarter worth approximately $50,000. Finally, Inspire Advisors LLC increased its holdings in shares of Celsius by 72.3% during the fourth quarter. Inspire Advisors LLC now owns 19,022 shares of the company’s stock worth $501,000 after purchasing an additional 7,979 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on CELH shares. JPMorgan Chase & Co. started coverage on shares of Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. UBS Group lowered their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Piper Sandler lowered their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. B. Riley reaffirmed 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $27.08 on Friday. The firm has a market cap of $6.37 billion, a PE ratio of 61.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The firm’s fifty day moving average is $25.84 and its 200-day moving average is $28.94. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company 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.

Insider Transactions at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were 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. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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.