Thornburg Investment Management Inc. Increases Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Thornburg Investment Management Inc. increased its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 148.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,489 shares of the company's stock after acquiring an additional 66,684 shares during the period. Thornburg Investment Management Inc.'s holdings in Celsius were worth $6,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CELH. Cary Street Partners Investment Advisory LLC raised its holdings in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock worth $25,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. bought a new position in Celsius during the fourth quarter valued at $25,000. Cambridge Trust Co. raised its stake in shares of Celsius by 280.0% in the fourth quarter. Cambridge Trust Co. now owns 570 shares of the company's stock valued at $31,000 after acquiring an additional 420 shares during the period. Heritage Wealth Advisors bought a new stake in shares of Celsius in the 3rd quarter worth about $32,000. Finally, Salem Investment Counselors Inc. purchased a new position in shares of Celsius during the 4th quarter worth about $33,000. Institutional investors own 60.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler boosted their target price on Celsius from $76.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Stifel Nicolaus decreased their target price on Celsius from $95.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. 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. Stifel Europe raised their price target on shares of Celsius from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $75.00 price objective on shares of Celsius in a research report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.36.

Celsius Stock Up 0.5 %

CELH stock traded up $0.45 during trading on Friday, hitting $93.02. 2,367,718 shares of the company's stock traded hands, compared to its average volume of 4,797,735. The firm has a market capitalization of $21.68 billion, a P/E ratio of 102.22, a PEG ratio of 2.62 and a beta of 1.93. The business has a fifty day simple moving average of $81.78 and a two-hundred day simple moving average of $67.28. Celsius Holdings, Inc. has a 1 year low of $40.87 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. Celsius's revenue was up 36.9% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, equities research analysts predict that Celsius Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celsius news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares of the company's stock, valued at $18,169,726.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Hal Kravitz sold 16,500 shares of the business's stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the sale, the director now directly owns 201,282 shares of the company's stock, valued at $18,169,726.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nicholas Castaldo sold 165,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,061,696 shares of company stock valued at $132,988,859. 2.20% of the stock is currently 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.