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

State of New Jersey Common Pension Fund D raised its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 200.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,548 shares of the company’s stock after acquiring an additional 57,032 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Celsius were worth $4,664,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its stake in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Celsius during the 4th quarter worth about $25,000. Cambridge Trust Co. grew its stake in shares of Celsius by 280.0% in the 4th quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock worth $31,000 after purchasing an additional 420 shares during the last quarter. Heritage Wealth Advisors purchased a new position in shares of Celsius in the third quarter worth approximately $32,000. Finally, Salem Investment Counselors Inc. acquired a new stake in shares of Celsius in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In other news, major shareholder Deborah Desantis sold 128,339 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $44.02, for a total value of $5,649,482.78. Following the completion of the sale, the insider now directly owns 30,711,936 shares of the company’s stock, valued at approximately $1,351,939,422.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares in the company, valued at approximately $5,808,371.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Deborah Desantis sold 128,339 shares of Celsius stock in a transaction on Monday, January 29th. The stock was sold at an average price of $44.02, for a total value of $5,649,482.78. Following the transaction, the insider now owns 30,711,936 shares in the company, valued at approximately $1,351,939,422.72. The disclosure for this sale can be found here. Insiders have sold 652,319 shares of company stock valued at $43,575,475 in the last quarter. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of Celsius stock traded up $1.52 during trading on Friday, reaching $73.16. The company’s stock had a trading volume of 1,611,351 shares, compared to its average volume of 4,694,155. The business’s fifty day moving average price is $79.60 and its 200-day moving average price is $64.68. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 92.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $29.92 and a one year high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 95.2% compared to the same quarter last year. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CELH. Morgan Stanley restated an “equal weight” rating and set a $75.00 target price on shares of Celsius in a research report on Wednesday, March 27th. Maxim Group lifted their price objective on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Stifel Europe upped their price objective on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Piper Sandler raised their price target on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Wedbush increased their price objective on Celsius from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

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.