Atria Wealth Solutions Inc. Boosts Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Atria Wealth Solutions Inc. boosted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 102.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,823 shares of the company’s stock after acquiring an additional 11,528 shares during the period. Atria Wealth Solutions Inc.’s holdings in Celsius were worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Celsius by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after purchasing an additional 337 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after buying an additional 400 shares during the period. Blue Trust Inc. grew its holdings in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after buying an additional 441 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Celsius by 6.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock valued at $248,000 after acquiring an additional 586 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group cut their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. B. Riley reissued a “buy” rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Roth Mkm reiterated a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % 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 the SEC website. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $27.20 on Thursday. The firm has a market cap of $6.39 billion, a P/E ratio of 61.82, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $99.62. The firm’s 50 day moving average price is $25.98 and its 200 day moving average price is $30.10.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating 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 the consensus estimate of $326.07 million. As a group, equities analysts predict that Celsius Holdings, Inc. will post 0.89 EPS 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.