Foundations Investment Advisors LLC acquired a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,331 shares of the company's stock, valued at approximately $439,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Champlain Investment Partners LLC acquired a new position in Celsius during the 4th quarter worth $85,068,000. Alyeska Investment Group L.P. grew its position in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock worth $181,164,000 after buying an additional 2,591,345 shares in the last quarter. FMR LLC increased its stake in shares of Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after buying an additional 1,585,839 shares during the period. Two Sigma Investments LP increased its stake in shares of Celsius by 264.1% during the fourth quarter. Two Sigma Investments LP now owns 894,158 shares of the company's stock worth $23,552,000 after buying an additional 648,582 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Celsius by 32.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company's stock valued at $50,761,000 after acquiring an additional 468,094 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.
Insider Buying and Selling at Celsius
In other news, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the completion of the sale, the insider owned 17,917,770 shares in the company, valued at $842,135,190. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider directly owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 762,974 shares of company stock worth $35,158,418. 2.55% of the stock is currently owned by insiders.
Celsius Price Performance
Shares of NASDAQ:CELH opened at $44.72 on Friday. The stock has a market cap of $11.53 billion, a P/E ratio of 139.75, a P/E/G ratio of 1.60 and a beta of 1.40. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $48.47. The firm has a fifty day moving average price of $43.50 and a 200 day moving average price of $35.39.
Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Sell-side analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on CELH shares. Piper Sandler boosted their price target on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday. UBS Group raised their price target on Celsius from $49.00 to $57.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen raised Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Needham & Company LLC increased their price objective on Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.83.
Read Our Latest Analysis on Celsius
Celsius Profile
(
Free Report)
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.
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