American Assets Inc. Buys Shares of 40,000 Celsius Holdings, Inc. (NASDAQ:CELH)

American Assets Inc. purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $1,054,000. Celsius accounts for about 0.3% of American Assets Inc.’s investment portfolio, making the stock its 6th biggest position.

Several other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after buying an additional 221,833 shares during the period. Janney Montgomery Scott LLC raised its stake in Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after acquiring an additional 26,801 shares in the last quarter. Van ECK Associates Corp boosted its position in Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after acquiring an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. grew its stake in shares of Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Celsius during the third quarter valued at $2,772,000. Institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Celsius Price Performance

CELH stock opened at $27.39 on Friday. The company’s 50 day simple moving average is $25.80 and its 200-day simple moving average is $29.39. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $99.62. The firm has a market capitalization of $6.44 billion, a P/E ratio of 62.25, a P/E/G ratio of 2.90 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CELH. Needham & Company LLC upped their price objective on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. UBS Group reduced their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. Piper Sandler cut their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus target price of $47.78.

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.