State of New Jersey Common Pension Fund D Has $4.66 Million Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

State of New Jersey Common Pension Fund D lifted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 200.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 85,548 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CELH. Pittenger & Anderson Inc. grew its position in shares of Celsius by 953.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 5,477 shares of the company’s stock worth $299,000 after buying an additional 4,957 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Celsius by 143.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,627 shares of the company’s stock valued at $1,125,000 after purchasing an additional 12,141 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Celsius by 197.3% during the fourth quarter. Yousif Capital Management LLC now owns 54,329 shares of the company’s stock valued at $2,962,000 after acquiring an additional 36,057 shares in the last quarter. SlateStone Wealth LLC increased its holdings in shares of Celsius by 175.9% during the fourth quarter. SlateStone Wealth LLC now owns 35,526 shares of the company’s stock valued at $1,937,000 after acquiring an additional 22,650 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Celsius by 200.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 23,790 shares of the company’s stock valued at $1,297,000 after buying an additional 15,860 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Price Performance

Shares of CELH stock traded up $1.52 on Friday, hitting $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 firm’s fifty day moving average price is $79.60 and its 200-day moving average price is $64.68. Celsius Holdings, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $99.62. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of 92.64, a P/E/G ratio of 2.10 and a beta of 1.86.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating 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 business had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. During the same quarter last year, the firm earned $0.01 earnings per share. The firm’s revenue for the quarter was up 95.2% compared to the same quarter last year. Analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder Dean Desantis sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the sale, the insider now owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Dean Desantis sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the transaction, the insider now owns 219,257 shares in the company, valued at approximately $20,993,857.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the completion of the transaction, the director now owns 352,864 shares of the company’s stock, valued at $29,404,157.12. The disclosure for this sale can be found here. Insiders have sold 652,319 shares of company stock worth $43,575,475 in the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CELH. Stifel Europe lifted their target price on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Stifel Nicolaus increased their price target on Celsius from $67.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Maxim Group increased their price target on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 1st. UBS Group lifted their target price on Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Piper Sandler boosted their price target on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.10.

About Celsius

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.