ExodusPoint Capital Management LP acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 139,941 shares of the company's stock, valued at approximately $3,686,000. ExodusPoint Capital Management LP owned 0.06% of Celsius at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Contrarius Group Holdings Ltd bought a new position in Celsius in the 4th quarter valued at about $75,535,000. Norges Bank acquired a new stake in Celsius during the 4th quarter worth approximately $72,579,000. Raymond James Financial Inc. bought a new stake in Celsius in the 4th quarter valued at $61,160,000. SG Americas Securities LLC grew its holdings in Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock valued at $50,910,000 after buying an additional 1,914,264 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Celsius by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock worth $376,455,000 after buying an additional 1,444,020 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on CELH shares. Morgan Stanley restated an "equal weight" rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. B. Riley reaffirmed a "buy" rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday, February 21st. UBS Group cut their price target on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Needham & Company LLC raised their price objective on Celsius from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Celsius in a report on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Celsius has an average rating of "Moderate Buy" and an average price target of $45.29.
Check Out Our Latest Stock Report on Celsius
Celsius Price Performance
CELH stock traded up $0.76 during trading on Friday, reaching $37.29. 5,453,778 shares of the company were exchanged, compared to its average volume of 7,712,481. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 84.75, a P/E/G ratio of 2.90 and a beta of 1.58. The company has a 50-day moving average of $29.42 and a two-hundred day moving average of $29.06. 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 announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) 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 company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. On average, analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.
Insiders Place Their Bets
In other Celsius news, insider Paul H. Storey sold 10,188 shares of the company's 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 completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction 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 position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.
About Celsius
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Free Report)
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.
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