Champlain Investment Partners LLC Invests $85.07 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

Champlain Investment Partners LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,229,598 shares of the company's stock, valued at approximately $85,068,000. Champlain Investment Partners LLC owned approximately 1.37% of Celsius at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. HM Payson & Co. lifted its position in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after buying an additional 550 shares in the last quarter. S.A. Mason LLC boosted its holdings in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC grew its holdings in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after buying an additional 1,114 shares in the last quarter. Blue Trust Inc. grew its stake in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after acquiring an additional 441 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in shares of Celsius in the fourth quarter worth $50,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Roth Mkm reiterated a "buy" rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. Piper Sandler boosted their price target on shares of Celsius from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Thursday. Stifel Nicolaus lowered their price objective on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. UBS Group boosted their target price on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Morgan Stanley restated an "equal weight" rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Celsius has an average rating of "Moderate Buy" and a consensus target price of $46.47.

Celsius Stock Performance

Shares of CELH traded up $0.58 on Friday, reaching $37.24. The stock had a trading volume of 4,891,721 shares, compared to its average volume of 7,756,437. The company has a 50-day simple moving average of $30.92 and a 200-day simple moving average of $29.26. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 84.64, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. On average, analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.