Fred Alger Management LLC Sells 54,142 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Fred Alger Management LLC decreased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 55.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,260 shares of the company’s stock after selling 54,142 shares during the quarter. Fred Alger Management LLC’s holdings in Celsius were worth $1,166,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CELH. HM Payson & Co. grew its position in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares in the last quarter. S.A. Mason LLC increased its stake in 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 acquiring an additional 700 shares during the period. GAMMA Investing LLC raised its holdings in Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after acquiring an additional 441 shares during the period. Finally, Knuff & Co LLC acquired a new stake in shares of Celsius during the 4th quarter worth $50,000. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CELH shares. Piper Sandler upped their price objective on shares of Celsius from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, April 17th. UBS Group upped their price target on shares of Celsius from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Roth Mkm reissued a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. Stifel Nicolaus cut their target price on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, B. Riley reiterated a “buy” rating and issued a $49.00 price target (up previously 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 issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.88.

Insiders Place Their Bets

In related news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on 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 transaction, the director now owns 19,106 shares of the company’s stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a 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 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 sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.55% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $36.76 on Friday. The firm has a market cap of $9.47 billion, a PE ratio of 83.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The firm’s fifty day moving average is $34.00 and its 200-day moving average is $29.67.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

About Celsius

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.