Van ECK Associates Corp Invests $614,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Van ECK Associates Corp acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,257 shares of the company's stock, valued at approximately $614,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its holdings 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 worth $25,000 after buying an additional 135 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Celsius in the fourth quarter worth approximately $25,000. Cambridge Trust Co. lifted its holdings in Celsius by 280.0% during the fourth quarter. Cambridge Trust Co. now owns 570 shares of the company's stock valued at $31,000 after purchasing an additional 420 shares in the last quarter. Heritage Wealth Advisors purchased a new position in Celsius during the third quarter valued at approximately $32,000. Finally, Salem Investment Counselors Inc. purchased a new position in Celsius during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Trading Up 0.9 %

CELH traded up $0.74 during trading hours on Friday, hitting $82.81. The company's stock had a trading volume of 5,644,038 shares, compared to its average volume of 4,876,692. The business's 50-day moving average price is $81.50 and its 200-day moving average price is $66.34. Celsius Holdings, Inc. has a 12 month low of $40.87 and a 12 month high of $99.62. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of 91.00, a P/E/G ratio of 2.32 and a beta of 1.93.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $355.70 million for the quarter, compared to analysts' expectations of $390.37 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. Celsius's quarterly revenue was up 36.9% on a year-over-year basis. On average, analysts forecast that Celsius Holdings, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

CELH has been the topic of several analyst reports. Stifel Europe lifted their price target on shares of Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a report on Monday, March 18th. Piper Sandler lifted their price target on shares of Celsius from $76.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Stifel Nicolaus lowered their price target on shares of Celsius from $95.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. Bank of America downgraded shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 price target on the stock. in a report on Friday, January 19th. Finally, UBS Group lowered their price target on shares of Celsius from $99.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.36.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business's 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 transaction, the insider now owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder William H. Milmoe sold 428,568 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,464,453 shares of the company's stock, valued at $1,519,463,910.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dean Desantis sold 100,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the completion of the transaction, the insider now directly 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 2,045,196 shares of company stock worth $131,499,404 over the last quarter. 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.