Man Group plc Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Man Group plc boosted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 91.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 527,907 shares of the company's stock after purchasing an additional 252,521 shares during the period. Man Group plc owned about 0.22% of Celsius worth $13,905,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its holdings in shares of Celsius by 16.5% in the 4th quarter. Nuveen Asset Management LLC now owns 819,025 shares of the company's stock worth $21,573,000 after buying an additional 116,216 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Celsius by 86.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 53,730 shares of the company's stock valued at $1,415,000 after acquiring an additional 24,984 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Celsius during the 4th quarter valued at approximately $7,420,000. Investment Management Corp of Ontario increased its stake in shares of Celsius by 26.1% during the 4th quarter. Investment Management Corp of Ontario now owns 13,520 shares of the company's stock worth $356,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Celsius by 97.1% in the 4th quarter. Janus Henderson Group PLC now owns 108,284 shares of the company's stock worth $2,853,000 after purchasing an additional 53,344 shares during the period. Institutional investors own 60.95% of the company's stock.

Celsius Trading Up 1.5%

Shares of CELH traded up $0.58 during mid-day trading on Tuesday, reaching $38.08. 6,151,280 shares of the stock traded hands, compared to its average volume of 7,950,549. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 86.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85. The firm has a fifty day moving average price of $35.38 and a 200 day moving average price of $29.96.

Celsius (NASDAQ:CELH - Get Free Report) last posted its 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). 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 quarter in the previous year, the firm earned $0.27 earnings per share. Celsius's quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CELH shares. Needham & Company LLC increased their price objective on Celsius from $45.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group lifted their price objective on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Piper Sandler boosted their price objective on Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, April 17th. TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Truist Financial upgraded shares of Celsius from a "hold" rating to a "buy" rating and lifted their target price for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Insider Transactions at Celsius

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

Celsius 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.