Celsius Holdings, Inc. (NASDAQ:CELH) is JW Asset Management LLC’s 3rd Largest Position

JW Asset Management LLC grew its stake in Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) by 112.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,038 shares of the company’s stock after buying an additional 45,538 shares during the period. Celsius makes up about 3.7% of JW Asset Management LLC’s holdings, making the stock its 3rd biggest holding. JW Asset Management LLC’s holdings in Celsius were worth $8,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Louisiana State Employees Retirement System grew its stake in Celsius by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock worth $1,124,000 after buying an additional 100 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Celsius by 4.6% in the 4th quarter. HB Wealth Management LLC now owns 2,730 shares of the company’s stock worth $284,000 after acquiring an additional 120 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Celsius by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 3,458 shares of the company’s stock worth $360,000 after acquiring an additional 141 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Celsius by 6.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,576 shares of the company’s stock worth $268,000 after acquiring an additional 148 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Celsius by 2.7% in the 4th quarter. DAVENPORT & Co LLC now owns 5,939 shares of the company’s stock worth $618,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Maxim Group boosted their price objective on shares of Celsius from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Wedbush upped their price target on shares of Celsius from $115.00 to $130.00 in a report on Wednesday, May 10th. Bank of America upped their price target on shares of Celsius from $125.00 to $145.00 in a report on Tuesday. Credit Suisse Group reiterated an “outperform” rating and set a $120.00 price target on shares of Celsius in a report on Monday, March 6th. Finally, Stifel Nicolaus upped their price target on shares of Celsius from $115.00 to $129.00 in a report on Wednesday, May 10th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $131.78.

Celsius Trading Down 1.3 %

Shares of NASDAQ:CELH traded down $1.71 on Friday, hitting $127.40. The company had a trading volume of 353,247 shares, compared to its average volume of 1,018,338. The firm’s 50-day simple moving average is $100.33 and its two-hundred day simple moving average is $99.94. Celsius Holdings, Inc. has a 1 year low of $52.11 and a 1 year high of $138.80.

Celsius (NASDAQ:CELH – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.22 by $0.18. Celsius had a negative net margin of 19.58% and a positive return on equity of 9.01%. The firm had revenue of $259.94 million during the quarter, compared to analysts’ expectations of $219.58 million. During the same period last year, the company posted $0.09 EPS. The company’s quarterly revenue was up 94.9% compared to the same quarter last year. Equities analysts predict that Celsius Holdings, Inc. will post 1.42 EPS for the current year.

Insider Transactions at Celsius

In related news, Director Caroline S. Levy sold 2,200 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $134.51, for a total value of $295,922.00. Following the completion of the transaction, the director now directly owns 17,605 shares in the company, valued at approximately $2,368,048.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Hoi Shuen Solina Holly Chau sold 554,017 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $90.25, for a total value of $50,000,034.25. Following the completion of the transaction, the insider now directly owns 8,846,232 shares in the company, valued at approximately $798,372,438. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Caroline S. Levy sold 2,200 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $134.51, for a total transaction of $295,922.00. Following the completion of the transaction, the director now owns 17,605 shares of the company’s stock, valued at $2,368,048.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,091,150 shares of company stock valued at $102,736,551. Company insiders own 2.70% of the company’s stock.

About Celsius

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Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of functional drinks and liquid supplements. It also offers post-workout functional energy drinks and protein bars. The company was founded in April 2004 and is headquartered in Boca Raton, FL.