Franklin Resources Inc. Grows Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Franklin Resources Inc. raised its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 873,980 shares of the company's stock after acquiring an additional 57,219 shares during the period. Franklin Resources Inc. owned approximately 0.37% of Celsius worth $23,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CELH. Rockefeller Capital Management L.P. raised its holdings in shares of Celsius by 31.8% in the third quarter. Rockefeller Capital Management L.P. now owns 25,134 shares of the company's stock worth $788,000 after buying an additional 6,063 shares during the last quarter. Janus Henderson Group PLC raised its stake in Celsius by 26.7% in the 3rd quarter. Janus Henderson Group PLC now owns 54,940 shares of the company's stock worth $1,723,000 after acquiring an additional 11,574 shares during the last quarter. Investment Management Corp of Ontario acquired a new stake in Celsius during the 3rd quarter worth about $336,000. IHT Wealth Management LLC grew its stake in Celsius by 96.8% during the 3rd quarter. IHT Wealth Management LLC now owns 11,203 shares of the company's stock valued at $351,000 after purchasing an additional 5,511 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Celsius in the third quarter valued at about $73,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC upped their target price on Celsius from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and upped their price objective for the company from $35.00 to $45.00 in a report on Monday, March 31st. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They set an "overweight" rating and a $37.00 target price for the company. Roth Mkm reaffirmed a "buy" rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Finally, Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $45.29.

Remove Ads

Celsius Stock Up 2.1 %

Shares of NASDAQ CELH traded up $0.76 during trading on Friday, hitting $37.29. The company had a trading volume of 5,453,778 shares, compared to its average volume of 7,712,481. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 84.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The stock has a fifty day simple moving average of $29.42 and a two-hundred day simple moving average of $29.06. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

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

Insider Transactions at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company's stock, valued at $543,947.82. This represents a 17.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction 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. Company insiders own 2.20% of the company's stock.

About Celsius

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.