Tocqueville Asset Management L.P. Makes New $5.44 Million Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Tocqueville Asset Management L.P. purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, Holdings Channel reports. The fund purchased 206,339 shares of the company’s stock, valued at approximately $5,435,000.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after buying an additional 104,896 shares during the period. Raymond James Financial Inc. acquired a new position in Celsius in the 4th quarter valued at $61,160,000. SG Americas Securities LLC raised its holdings in Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after acquiring an additional 1,914,264 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Celsius by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company’s stock worth $37,093,000 after acquiring an additional 26,959 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insiders Place Their Bets

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the firm’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 completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $30.37 on Wednesday. The business’s fifty day moving average price is $25.88 and its two-hundred day moving average price is $28.77. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 69.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CELH shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. UBS Group lowered their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. began coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.