Kayne Anderson Rudnick Investment Management LLC Has $89.66 Million Holdings in Celsius Holdings Inc. $CELH

Key Points

• Kayne Anderson Rudnick Investment Management LLC decreased its stake in Celsius Holdings by 6.2%, now owning approximately 2.52 million shares valued at about $89.66 million.
• Despite Kayne's reduction, other institutional investors have increased their holdings significantly, such as Alyeska Investment Group, which boosted its position by 60.5%.
• Celsius reported strong earnings with $739.30 million in revenue for the quarter, surpassing expectations and showing an 83.9% year-over-year increase.

Kayne Anderson Rudnick Investment Management LLC cut its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,517,145 shares of the company's stock after selling 165,080 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.98% of Celsius worth $89,661,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Alyeska Investment Group L.P. grew its stake in Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after acquiring an additional 2,591,345 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Celsius by 1.8% during the first quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock worth $85,303,000 after purchasing an additional 42,997 shares during the period. Ameriprise Financial Inc. grew its position in Celsius by 6.0% during the first quarter. Ameriprise Financial Inc. now owns 2,043,465 shares of the company's stock valued at $72,789,000 after purchasing an additional 116,273 shares in the last quarter. MIG Capital LLC increased its stake in Celsius by 42.7% in the 1st quarter. MIG Capital LLC now owns 1,575,939 shares of the company's stock valued at $56,135,000 after buying an additional 471,287 shares during the period. Finally, Northern Trust Corp increased its stake in Celsius by 4.7% in the 1st quarter. Northern Trust Corp now owns 1,411,449 shares of the company's stock valued at $50,276,000 after buying an additional 63,787 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CELH shares. Bank of America boosted their price target on shares of Celsius from $35.00 to $40.00 and gave the company an "underperform" rating in a report on Friday, August 8th. Stephens restated an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Truist Financial raised their price target on Celsius from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Piper Sandler lifted their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus increased their price objective on Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.28.

Insider Buying and Selling at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the transaction, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer owned 104,227 shares in the company, valued at $6,253,620. This represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,116,141 shares of company stock worth $52,541,605 over the last three months. 2.55% of the stock is currently owned by corporate insiders.

Celsius Stock Performance

CELH traded up $3.19 on Friday, hitting $62.88. The company had a trading volume of 10,185,048 shares, compared to its average volume of 8,123,896. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 169.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company's fifty day moving average price is $49.34 and its 200 day moving average price is $39.42. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. During the same quarter last year, the firm posted $0.28 EPS. The business's quarterly revenue was up 83.9% on a year-over-year basis. Equities analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

About Celsius

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.