Lake Hills Wealth Management LLC Acquires Shares of 17,013 Celsius Holdings, Inc. (NASDAQ:CELH)

Lake Hills Wealth Management LLC purchased a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,013 shares of the company's stock, valued at approximately $606,000. Celsius comprises approximately 0.4% of Lake Hills Wealth Management LLC's investment portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Champlain Investment Partners LLC purchased a new stake in shares of Celsius during the fourth quarter worth about $85,068,000. Contrarius Group Holdings Ltd purchased a new stake in shares of Celsius during the fourth quarter worth about $75,535,000. Norges Bank purchased a new stake in shares of Celsius during the fourth quarter worth about $72,579,000. Alyeska Investment Group L.P. grew its position 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 worth $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Celsius during the 4th quarter worth approximately $61,160,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 in the company, valued at approximately $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.55% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CELH. Piper Sandler boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $47.00 price objective on shares of Celsius in a report on Thursday, May 29th. Wells Fargo & Company boosted their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, LADENBURG THALM/SH SH dropped their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.22.

Celsius Stock Performance

NASDAQ CELH traded up $0.52 during mid-day trading on Friday, reaching $40.60. 6,217,674 shares of the stock were exchanged, compared to its average volume of 8,108,428. The business's 50 day moving average is $36.80 and its 200-day moving average is $30.86. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $71.00. The company has a market capitalization of $10.46 billion, a P/E ratio of 92.27, a P/E/G ratio of 2.90 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last announced 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). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm 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 business's quarterly revenue was down 7.4% 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.