State of New Jersey Common Pension Fund D Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

State of New Jersey Common Pension Fund D increased its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 33.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,921 shares of the company’s stock after purchasing an additional 19,070 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Celsius were worth $2,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CELH. Valmark Advisers Inc. purchased a new position in shares of Celsius in the fourth quarter valued at about $307,000. Secured Retirement Advisors LLC purchased a new position in Celsius in the 4th quarter worth approximately $804,000. Manchester Capital Management LLC boosted its stake in Celsius by 92,260.0% in the 4th quarter. Manchester Capital Management LLC now owns 4,618 shares of the company’s stock worth $122,000 after purchasing an additional 4,613 shares during the period. Arcus Capital Partners LLC purchased a new stake in Celsius during the 4th quarter valued at approximately $5,784,000. Finally, Capital Advisors Inc. OK bought a new stake in shares of Celsius during the fourth quarter valued at approximately $527,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CELH. Stifel Nicolaus decreased their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Tuesday, January 28th. Jefferies Financial Group lowered their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, B. Riley reissued a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.67.

Celsius Price Performance

Shares of NASDAQ CELH opened at $32.62 on Monday. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $99.62. The firm has a 50-day simple moving average of $26.02 and a two-hundred day simple moving average of $30.24. The company has a market cap of $7.67 billion, a P/E ratio of 74.14, a PEG ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (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 firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. As a group, equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.