New England Research & Management Inc. Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

New England Research & Management Inc. purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 5,675 shares of the company’s stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP raised its position in shares of Celsius by 123.5% in the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after purchasing an additional 324,049 shares in the last quarter. Brown Advisory Inc. bought a new position in Celsius during the 4th quarter valued at $242,000. Coldstream Capital Management Inc. grew its holdings in Celsius by 190.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after acquiring an additional 2,589 shares in the last quarter. Moody National Bank Trust Division bought a new stake in shares of Celsius in the 4th quarter worth about $917,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Celsius by 215.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after purchasing an additional 332,980 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 1,833 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the transaction, the insider now owns 41,044 shares in the company, valued at approximately $3,095,948.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the sale, the insider now owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul H. Storey sold 1,833 shares of Celsius stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the transaction, the insider now directly owns 41,044 shares in the company, valued at $3,095,948.92. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock worth $107,920,209 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Celsius Trading Down 0.8 %

NASDAQ CELH opened at $57.09 on Friday. The company has a 50-day moving average price of $75.00 and a two-hundred day moving average price of $70.04. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.93. Celsius Holdings, Inc. has a 52 week low of $45.03 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue was up 36.9% compared to the same quarter last year. As a group, equities research analysts expect that Celsius Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group decreased their price target on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Bank of America boosted their price target on Celsius from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 29th. Wedbush dropped their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. TD Cowen decreased their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Finally, BNP Paribas initiated coverage on shares of Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $81.82.

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.