Sciencast Management LP Invests $330,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Sciencast Management LP purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 12,545 shares of the company’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CELH. Quest Partners LLC boosted its position in shares of Celsius by 671.1% in the 3rd quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock worth $684,000 after purchasing an additional 18,985 shares during the last quarter. Moran Wealth Management LLC boosted its position in shares of Celsius by 68.0% in the 3rd quarter. Moran Wealth Management LLC now owns 10,752 shares of the company’s stock worth $337,000 after purchasing an additional 4,353 shares during the last quarter. King Luther Capital Management Corp raised its stake in Celsius by 4.7% during the 3rd quarter. King Luther Capital Management Corp now owns 60,927 shares of the company’s stock worth $1,911,000 after buying an additional 2,720 shares during the period. Intech Investment Management LLC raised its stake in Celsius by 56.4% during the 3rd quarter. Intech Investment Management LLC now owns 43,787 shares of the company’s stock worth $1,373,000 after buying an additional 15,792 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after buying an additional 221,833 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred 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 owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC raised their price objective on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. assumed coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. One 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’s stock. According to data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average target price of $45.00.

Celsius Stock Performance

Celsius stock opened at $32.93 on Friday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The stock has a market capitalization of $7.74 billion, a P/E ratio of 74.84, a PEG ratio of 2.90 and a beta of 1.90. The stock has a 50-day simple moving average of $26.11 and a 200 day simple moving average of $28.72.

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