Blair William & Co. IL Grows Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Blair William & Co. IL lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 24.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 42,099 shares of the company's stock after acquiring an additional 8,398 shares during the period. Blair William & Co. IL's holdings in Celsius were worth $1,109,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Contrarius Group Holdings Ltd purchased a new position in Celsius in the 4th quarter worth $75,535,000. Raymond James Financial Inc. acquired a new position in shares of Celsius in the fourth quarter valued at about $61,160,000. SG Americas Securities LLC raised 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 purchasing an additional 1,914,264 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock valued at $37,033,000 after buying an additional 1,072,859 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Celsius by 91.9% in the fourth quarter. American Century Companies Inc. now owns 933,870 shares of the company's stock valued at $24,598,000 after buying an additional 447,328 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Insiders Place Their Bets

In related news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following 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. Corporate insiders own 2.20% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on CELH shares. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a report on Thursday, December 12th. They set a "hold" rating and a $32.00 target price on the stock. UBS Group lowered their price objective on Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. Finally, Stifel Nicolaus decreased their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Celsius Price Performance

NASDAQ CELH traded down $0.08 during mid-day trading on Monday, hitting $35.46. The stock had a trading volume of 10,824,271 shares, compared to its average volume of 7,616,741. The firm's 50 day moving average is $28.05 and its 200 day moving average is $28.86. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 80.59, a PEG ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. As a group, equities research analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

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.