Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI boosted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 136.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,360 shares of the company’s stock after purchasing an additional 784 shares during the period. Arcadia Investment Management Corp MI’s holdings in Celsius were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Partners II LLC grew its stake in shares of Celsius by 4.9% during the third quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock valued at $319,000 after acquiring an additional 87 shares in the last quarter. Fifth Third Bancorp increased its holdings in Celsius by 19.0% during the 3rd quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock worth $95,000 after purchasing an additional 88 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its position in shares of Celsius by 1.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 9,999 shares of the company’s stock valued at $1,716,000 after purchasing an additional 100 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. Finally, Heritage Wealth Advisors acquired a new stake in shares of Celsius during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 1,833 shares of Celsius stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the transaction, the insider now directly owns 41,044 shares in the company, valued at $3,095,948.92. The disclosure for this sale can be found here. Insiders sold 2,045,196 shares of company stock valued at $131,499,404 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of research analyst reports. Roth Mkm increased their price objective on shares of Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Piper Sandler increased their price target on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Stifel Europe boosted their price objective on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Celsius in a report on Friday, May 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $75.00 target price on shares of Celsius in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.95.

Celsius Stock Performance

Shares of Celsius stock traded up $4.94 during trading on Thursday, hitting $82.07. 8,865,591 shares of the stock were exchanged, compared to its average volume of 4,838,855. The stock has a market cap of $18.96 billion, a PE ratio of 106.58, a P/E/G ratio of 2.22 and a beta of 1.93. The stock’s fifty day moving average is $81.43 and its 200 day moving average is $66.08. Celsius Holdings, Inc. has a 12 month low of $39.50 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. Celsius’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

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.