Alyeska Investment Group L.P. Buys 2,591,345 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Alyeska Investment Group L.P. raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 60.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,877,918 shares of the company's stock after purchasing an additional 2,591,345 shares during the period. Celsius makes up approximately 0.7% of Alyeska Investment Group L.P.'s portfolio, making the stock its 24th biggest holding. Alyeska Investment Group L.P. owned about 2.93% of Celsius worth $181,164,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. HM Payson & Co. raised its position in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC boosted its position in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC lifted its position in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after purchasing an additional 1,114 shares during the last quarter. Blue Trust Inc. grew its stake in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after buying an additional 441 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in shares of Celsius in the 4th quarter worth $50,000. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction that occurred on 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 directly 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 legal filing with the SEC, which can be accessed through this link. Also, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares of the company's stock, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CELH shares. Needham & Company LLC raised their price target on Celsius from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. LADENBURG THALM/SH SH decreased their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and increased their target price for the company from $35.00 to $45.00 in a research note on Monday, March 31st. B. Riley reaffirmed a "buy" rating and set a $49.00 price target (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $46.88.

Celsius Price Performance

Shares of NASDAQ CELH traded up $1.58 during midday trading on Tuesday, reaching $35.47. 16,976,318 shares of the stock traded hands, compared to its average volume of 7,906,958. The company's 50 day moving average is $33.20 and its 200 day moving average is $29.54. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85. The stock has a market capitalization of $9.14 billion, a PE ratio of 80.62, a P/E/G ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, equities analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current 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.