Amalgamated Bank Purchases 66,449 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Amalgamated Bank boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 186.6% during the fourth quarter, Holdings Channel reports. The firm owned 102,063 shares of the company’s stock after acquiring an additional 66,449 shares during the quarter. Amalgamated Bank’s holdings in Celsius were worth $5,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Partners II LLC grew its stake in Celsius by 4.9% in the third quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock worth $319,000 after purchasing an additional 87 shares during the period. Fifth Third Bancorp boosted its position in shares of Celsius by 19.0% in the 3rd quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock worth $95,000 after purchasing an additional 88 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake 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 worth $1,716,000 after buying an additional 100 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in 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 in the last quarter. Finally, Heritage Wealth Advisors bought a new stake in Celsius in the third quarter worth $32,000. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $78.33 on Tuesday. The firm’s 50 day simple moving average is $81.04 and its two-hundred day simple moving average is $65.73. The company has a market capitalization of $18.10 billion, a P/E ratio of 101.29, a P/E/G ratio of 2.22 and a beta of 1.93. Celsius Holdings, Inc. has a 1-year low of $34.34 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. Celsius’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the transaction, the insider now owns 23,750,163 shares of the company’s stock, valued at $1,417,172,226.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Dean Desantis sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the transaction, the insider now directly owns 219,257 shares in the company, valued at approximately $20,993,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now directly owns 23,750,163 shares in the company, valued at approximately $1,417,172,226.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,043,363 shares of company stock valued at $131,361,140. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CELH shares. Bank of America cut shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Friday, January 19th. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Celsius in a research report on Friday. Stifel Europe upped their price objective on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Jefferies Financial Group boosted their price target on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Roth Mkm increased their price objective on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.45.

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.