Gallacher Capital Management LLC Acquires 565 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Gallacher Capital Management LLC grew its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,144 shares of the company’s stock after purchasing an additional 565 shares during the period. Gallacher Capital Management LLC’s holdings in Celsius were worth $241,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CELH. HM Payson & Co. grew its holdings in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC grew its holdings in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the period. Activest Wealth Management bought a new stake in shares of Celsius in the third quarter worth $39,000. GAMMA Investing LLC grew its holdings in shares of Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 1.7 %

NASDAQ:CELH opened at $27.08 on Monday. The company has a market capitalization of $6.37 billion, a P/E ratio of 61.55, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The business’s 50-day moving average is $25.84 and its 200 day moving average is $28.88.

Celsius (NASDAQ:CELH) last posted its 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. The company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. On average, research analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In other Celsius 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 sale, the insider now directly owns 45,297 shares of the company’s stock, 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 through this link. 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 directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CELH. Jefferies Financial Group cut their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. B. Riley reiterated a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. Stifel Nicolaus lowered their target price on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

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.