Kayne Anderson Rudnick Investment Management LLC Has $70.65 Million Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,682,225 shares of the company's stock after purchasing an additional 298,565 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 1.14% of Celsius worth $70,650,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CELH. Champlain Investment Partners LLC bought a new position in shares of Celsius in the fourth quarter worth about $85,068,000. Contrarius Group Holdings Ltd bought a new position in Celsius in the 4th quarter worth approximately $75,535,000. Norges Bank acquired a new position in shares of Celsius during the fourth quarter worth approximately $72,579,000. Raymond James Financial Inc. bought a new stake in shares of Celsius in the fourth quarter valued at approximately $61,160,000. Finally, SG Americas Securities LLC grew its stake in shares of Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock worth $50,910,000 after acquiring an additional 1,914,264 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

Shares of NASDAQ:CELH traded down $0.46 during midday trading on Friday, reaching $36.74. The company's stock had a trading volume of 4,853,692 shares, compared to its average volume of 7,781,064. The business's fifty day simple moving average is $32.40 and its 200-day simple moving average is $29.53. The company has a market capitalization of $9.47 billion, a P/E ratio of 83.50, a P/E/G ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. On average, analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CELH. LADENBURG THALM/SH SH reduced their price target 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 raised 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 report on Monday, March 31st. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. TD Cowen lowered Celsius from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, UBS Group upped their target price on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and an average price target of $46.47.

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business's 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 directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

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.