Cynosure Group LLC Has $555,000 Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Cynosure Group LLC lowered its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 4.4% during the 4th quarter, Holdings Channel reports. The fund owned 21,060 shares of the company’s stock after selling 974 shares during the period. Cynosure Group LLC’s holdings in Celsius were worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its position in Celsius by 146.5% in the 3rd quarter. Bank of Montreal Can now owns 66,748 shares of the company’s stock valued at $2,171,000 after purchasing an additional 39,671 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Celsius by 5.5% during the third quarter. The Manufacturers Life Insurance Company now owns 129,427 shares of the company’s stock valued at $4,059,000 after buying an additional 6,731 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Celsius by 35.0% during the third quarter. BNP Paribas Financial Markets now owns 181,821 shares of the company’s stock worth $5,702,000 after acquiring an additional 47,138 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Celsius in the 3rd quarter worth about $494,000. Finally, MetLife Investment Management LLC lifted its position in Celsius by 2.2% in the 3rd quarter. MetLife Investment Management LLC now owns 89,074 shares of the company’s stock valued at $2,793,000 after acquiring an additional 1,877 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

CELH stock opened at $36.75 on Thursday. The stock has a fifty day moving average of $27.44 and a 200-day moving average of $28.86. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 83.52, a PEG ratio of 2.90 and a beta of 1.57.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Equities analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CELH. Truist Financial raised Celsius from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $45.00 in a research note on Monday. Needham & Company LLC raised their price objective on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. UBS Group dropped their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Insider Activity at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % 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.

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.