FIL Ltd Acquires 11,083 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

FIL Ltd boosted its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 265,682 shares of the company's stock after purchasing an additional 11,083 shares during the quarter. FIL Ltd owned about 0.11% of Celsius worth $6,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp grew its stake in shares of Celsius by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 117,155 shares of the company's stock valued at $3,674,000 after buying an additional 11,246 shares during the period. State Street Corp grew its stake in Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company's stock valued at $166,860,000 after acquiring an additional 165,329 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Celsius during the third quarter valued at approximately $301,000. M&T Bank Corp raised its position in shares of Celsius by 49.3% during the third quarter. M&T Bank Corp now owns 30,765 shares of the company's stock worth $965,000 after purchasing an additional 10,159 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock worth $93,928,000 after purchasing an additional 104,896 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Stock Performance

NASDAQ CELH traded down $0.26 on Tuesday, hitting $37.08. 5,395,829 shares of the stock traded hands, compared to its average volume of 7,717,238. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The business's fifty day moving average is $30.02 and its two-hundred day moving average is $29.14. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 84.27, a PEG ratio of 2.90 and a beta of 1.58.

Remove Ads

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating 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 business had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the firm'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 approximately $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CELH has been the topic of several research reports. UBS Group lowered their price objective on shares of Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. B. Riley reaffirmed a "buy" rating and issued a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. TD Cowen lowered Celsius from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. LADENBURG THALM/SH SH dropped their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.29.

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.