Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by American International Group Inc.

American International Group Inc. grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 188.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 201,492 shares of the company’s stock after acquiring an additional 131,742 shares during the period. American International Group Inc. owned about 0.09% of Celsius worth $10,985,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Trust Advisors LP boosted 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 during the period. Brown Advisory Inc. acquired a new position in shares of Celsius in the fourth quarter worth about $242,000. Coldstream Capital Management Inc. boosted its holdings in shares of Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after buying an additional 2,589 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of Celsius during the fourth quarter valued at approximately $917,000. Finally, Dimensional Fund Advisors LP lifted 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 valued at $26,577,000 after acquiring an additional 332,980 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CELH has been the topic of several research analyst reports. TD Cowen lowered their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Jefferies Financial Group dropped their price target on Celsius from $104.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Stifel Nicolaus lowered their target price on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. Wedbush reduced their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, Bank of America boosted their price objective on shares of Celsius from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.18.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $58.42 on Tuesday. The stock has a market capitalization of $13.62 billion, a P/E ratio of 64.20, a P/E/G ratio of 1.69 and a beta of 1.93. The business has a 50-day moving average of $77.96 and a two-hundred day moving average of $69.77. Celsius Holdings, Inc. has a fifty-two week low of $45.03 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 36.9% on a year-over-year basis. As a group, research analysts expect that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the transaction, the director now owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,776,696 shares of company stock worth $107,920,209. 2.20% of the stock is owned by insiders.

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.