Peterson Wealth Services Invests $954,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Peterson Wealth Services bought a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,502 shares of the company’s stock, valued at approximately $954,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Celsius by 183.6% during the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after purchasing an additional 8,899,873 shares during the last quarter. Wellington Management Group LLP lifted its stake in Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after acquiring an additional 2,306,598 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after acquiring an additional 1,934,400 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after acquiring an additional 2,261,046 shares during the last quarter. Finally, Capital International Investors lifted its stake in Celsius by 200.0% in the fourth quarter. Capital International Investors now owns 2,632,977 shares of the company’s stock valued at $143,550,000 after acquiring an additional 1,755,318 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Trading Down 0.5 %

CELH stock traded down $0.30 during mid-day trading on Friday, hitting $57.22. The stock had a trading volume of 2,307,949 shares, compared to its average volume of 5,701,779. Celsius Holdings, Inc. has a 52 week low of $45.03 and a 52 week high of $99.62. The firm has a market capitalization of $13.34 billion, a P/E ratio of 62.88, a P/E/G ratio of 1.66 and a beta of 1.90. The firm has a fifty day simple moving average of $73.58 and a 200 day simple moving average of $70.29.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. During the same period last year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year. As a group, equities analysts expect that Celsius Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,776,696 shares of company stock worth $107,920,209. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wedbush cut their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and set a $68.00 target price on shares of Celsius in a research note on Tuesday, June 25th. TD Cowen cut their target price on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Jefferies Financial Group cut their target price on shares of Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Finally, UBS Group cut their target price on shares of Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.82.

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.