Future Fund LLC Acquires 20,500 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Future Fund LLC increased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 246.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,817 shares of the company’s stock after acquiring an additional 20,500 shares during the quarter. Celsius comprises about 2.2% of Future Fund LLC’s investment portfolio, making the stock its 24th biggest holding. Future Fund LLC’s holdings in Celsius were worth $759,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Apriem Advisors lifted its holdings in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after purchasing an additional 525 shares in the last quarter. HM Payson & Co. boosted its position in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company’s stock worth $1,158,000 after buying an additional 553 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CELH. Needham & Company LLC upped their target price on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. B. Riley reaffirmed a “buy” rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Morgan Stanley reissued an “equal weight” rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Finally, Piper Sandler cut their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.78.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $27.39 on Monday. The company 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 Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62. The firm’s 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $29.31.

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

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Celsius 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.