Beacon Harbor Wealth Advisors Inc. Makes New $4.44 Million Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 81,519 shares of the company's stock, valued at approximately $4,444,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Celsius by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company's stock valued at $831,676,000 after acquiring an additional 762,087 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Celsius by 633.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company's stock worth $77,547,000 after buying an additional 1,228,560 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Celsius by 622.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,328,487 shares of the company's stock worth $72,429,000 after buying an additional 1,144,626 shares during the last quarter. Invesco Ltd. raised its holdings in Celsius by 5.7% during the third quarter. Invesco Ltd. now owns 1,167,995 shares of the company's stock worth $200,428,000 after buying an additional 62,483 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in Celsius by 5.8% during the fourth quarter. Braun Stacey Associates Inc. now owns 671,588 shares of the company's stock worth $36,615,000 after buying an additional 36,725 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Up 2.8 %

CELH traded up $2.04 during trading on Thursday, hitting $74.38. 3,909,170 shares of the company traded hands, compared to its average volume of 4,624,780. The firm has a market cap of $17.18 billion, a P/E ratio of 96.18, a price-to-earnings-growth ratio of 2.08 and a beta of 1.93. The stock's fifty day moving average is $80.55 and its 200 day moving average is $65.33. Celsius Holdings, Inc. has a one year low of $32.99 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 analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. Celsius's quarterly revenue was up 95.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. On average, equities research analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CELH has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Celsius from $95.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley restated an "equal weight" rating and set a $75.00 price objective on shares of Celsius in a report on Wednesday, March 27th. Maxim Group upped their price objective on shares of Celsius from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Bank of America lowered shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 target price for the company. in a research note on Friday, January 19th. Finally, Jefferies Financial Group upped their target price on shares of Celsius from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.74.

Insider Activity at Celsius

In other news, major shareholder Deborah Desantis sold 67,063 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $50.28, for a total value of $3,371,927.64. Following the transaction, the insider now owns 30,321,589 shares in the company, valued at $1,524,569,494.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Deborah Desantis sold 67,063 shares of Celsius stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $50.28, for a total value of $3,371,927.64. Following the sale, the insider now owns 30,321,589 shares in the company, valued at $1,524,569,494.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the sale, the insider now owns 219,257 shares in the company, valued at approximately $20,993,857.75. The disclosure for this sale can be found here. Insiders have sold 1,253,278 shares of company stock valued at $83,587,047 over the last three months. 2.20% of the stock is owned by corporate 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.