Achmea Investment Management B.V. Buys New Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Achmea Investment Management B.V. bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,958 shares of the company’s stock, valued at approximately $854,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in shares of Celsius by 123.5% during the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after acquiring an additional 324,049 shares during the period. Brown Advisory Inc. acquired a new position in shares of Celsius during the fourth quarter valued at about $242,000. LRI Investments LLC acquired a new stake in shares of Celsius in the 1st quarter valued at about $134,000. Coldstream Capital Management Inc. increased its position in Celsius by 190.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after buying an additional 2,589 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in Celsius during the 1st quarter worth approximately $563,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CELH has been the subject of a number of research reports. BNP Paribas initiated coverage on Celsius in a research note on Monday, June 24th. They issued an “outperform” rating and a $87.00 price objective for the company. Stifel Nicolaus reduced their price target on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Roth Mkm decreased their price target on shares of Celsius from $65.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Finally, B. Riley decreased their target price on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.64.

Celsius Stock Up 2.3 %

Shares of NASDAQ CELH opened at $33.69 on Friday. The company has a market capitalization of $7.85 billion, a PE ratio of 37.02, a PEG ratio of 2.46 and a beta of 1.85. The stock’s 50 day moving average price is $42.71 and its 200-day moving average price is $65.42. Celsius Holdings, Inc. has a twelve month low of $31.55 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 23.4% on a year-over-year basis. As a group, research analysts expect that Celsius Holdings, Inc. will post 0.83 EPS for the current fiscal year.

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.