Arcus Capital Partners LLC Purchases 212,838 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Arcus Capital Partners LLC raised its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 200.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,257 shares of the company's stock after purchasing an additional 212,838 shares during the quarter. Celsius accounts for approximately 6.1% of Arcus Capital Partners LLC's portfolio, making the stock its 3rd largest holding. Arcus Capital Partners LLC owned about 0.14% of Celsius worth $17,406,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock valued at $25,000 after buying an additional 135 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Celsius in the fourth quarter valued at about $25,000. Money Concepts Capital Corp acquired a new stake in shares of Celsius in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust acquired a new stake in shares of Celsius in the second quarter valued at about $30,000. Finally, Heritage Wealth Advisors acquired a new stake in Celsius during the 3rd quarter valued at approximately $32,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Up 5.6 %

Celsius stock traded up $4.47 during mid-day trading on Friday, hitting $83.94. 4,248,885 shares of the company's stock traded hands, compared to its average volume of 4,950,678. The firm has a 50 day moving average price of $74.24 and a 200 day moving average price of $62.84. The company has a market cap of $19.39 billion, a PE ratio of 109.01, a price-to-earnings-growth ratio of 2.24 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $28.08 and a one year high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same quarter in the previous year, the business earned $0.01 EPS. The firm's revenue for the quarter was up 95.2% on a year-over-year basis. On average, analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CELH shares. Piper Sandler raised their price objective on Celsius from $76.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Stifel Nicolaus raised their price objective on Celsius from $67.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, March 1st. UBS Group raised their price objective on Celsius from $73.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Stifel Europe raised their price objective on Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Finally, Wedbush raised their price objective on Celsius from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Celsius currently has an average rating of "Moderate Buy" and a consensus price target of $85.10.

Insider Activity

In other news, major shareholder William H. Milmoe sold 60,462 shares of Celsius stock in a transaction on Friday, January 19th. The stock was sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the transaction, the insider now directly owns 31,603,782 shares in the company, valued at approximately $1,053,354,054.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder William H. Milmoe sold 60,462 shares of Celsius stock in a transaction on Friday, January 19th. The stock was sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the transaction, the insider now directly owns 31,603,782 shares in the company, valued at approximately $1,053,354,054.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Caroline S. Levy sold 20,000 shares of Celsius stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the transaction, the director now owns 37,891 shares in the company, valued at $3,590,930.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,094,783 shares of company stock worth $62,679,671. 2.70% of the stock is owned by company insiders.

Celsius Company 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.