Contrarius Group Holdings Ltd Invests $75.54 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

Contrarius Group Holdings Ltd bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,867,690 shares of the company's stock, valued at approximately $75,535,000. Celsius comprises approximately 4.6% of Contrarius Group Holdings Ltd's investment portfolio, making the stock its 9th biggest position. Contrarius Group Holdings Ltd owned approximately 1.22% of Celsius at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CELH. HM Payson & Co. lifted its stake in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after buying an additional 550 shares during the last quarter. S.A. Mason LLC raised its holdings in Celsius by 100.0% in the 4th 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. Activest Wealth Management acquired a new position in Celsius during the 3rd quarter worth $39,000. GAMMA Investing LLC boosted its holdings in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after acquiring an additional 1,114 shares during the period. Finally, Blue Trust Inc. boosted its holdings 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 during the period. Institutional investors own 60.95% of the company's stock.

Celsius Price Performance

Shares of Celsius stock traded up $1.95 during midday trading on Monday, hitting $34.88. 15,124,006 shares of the company were exchanged, compared to its average volume of 7,349,896. The firm has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $28.69. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The firm has a market cap of $8.20 billion, a P/E ratio of 79.27, a PEG ratio of 2.90 and a beta of 1.90.

Remove Ads

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

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company's stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred 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 sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CELH shares. B. Riley reissued a "buy" rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price target for the company. Needham & Company LLC raised their price objective on shares of Celsius from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Stifel Nicolaus cut 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a "hold" rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

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.