Level Four Advisory Services LLC Reduces Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Level Four Advisory Services LLC reduced its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 42.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,813 shares of the company’s stock after selling 5,792 shares during the period. Level Four Advisory Services LLC’s holdings in Celsius were worth $206,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CELH. 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 valued at $26,000 after acquiring an additional 550 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Celsius by 100.0% during the fourth 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. GAMMA Investing LLC grew its stake in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares in the last quarter. Blue Trust Inc. increased its holdings in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares during the last quarter. Finally, Knuff & Co LLC bought a new position in Celsius during the 4th quarter worth approximately $50,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CELH shares. JPMorgan Chase & Co. assumed coverage on Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. Jefferies Financial Group dropped their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. Finally, B. Riley restated a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Price Performance

CELH opened at $35.73 on Wednesday. The business has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $28.80. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 81.21, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Equities analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Celsius 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.