Findell Capital Management LLC Acquires New Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Findell Capital Management LLC acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 250,000 shares of the company's stock, valued at approximately $6,585,000. Celsius accounts for 2.7% of Findell Capital Management LLC's investment portfolio, making the stock its 12th biggest position. Findell Capital Management LLC owned about 0.11% of Celsius as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Celsius by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock worth $416,517,000 after purchasing an additional 345,837 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after purchasing an additional 1,444,020 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the period. FMR LLC increased its holdings in shares of Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in shares of Celsius in the fourth quarter valued at about $85,068,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This trade represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CELH shares. JPMorgan Chase & Co. lifted their price objective on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. B. Riley restated a "buy" rating and issued a $49.00 price target (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Roth Mkm restated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price target on shares of Celsius in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $46.88.

Celsius Stock Up 4.3%

Shares of NASDAQ CELH traded up $1.52 during trading on Friday, hitting $36.76. 6,163,883 shares of the company traded hands, compared to its average volume of 7,881,240. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85. The company has a 50-day moving average price of $34.00 and a 200-day moving average price of $29.65. The firm has a market capitalization of $9.47 billion, a P/E ratio of 83.55, a P/E/G ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. During the same period last year, the company posted $0.27 earnings per share. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts predict that Celsius Holdings, Inc. will post 0.89 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.