Kayne Anderson Rudnick Investment Management LLC Buys 298,565 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Kayne Anderson Rudnick Investment Management LLC boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,682,225 shares of the company's stock after purchasing an additional 298,565 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 1.14% of Celsius worth $70,650,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CELH. Louisiana State Employees Retirement System grew its stake in Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock valued at $1,151,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. lifted its position in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after buying an additional 441 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after acquiring an additional 459 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Celsius by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after buying an additional 490 shares during the last quarter. Finally, Apriem Advisors grew its position in shares of Celsius by 3.0% during the 4th quarter. Apriem Advisors now owns 18,149 shares of the company's stock valued at $478,000 after acquiring an additional 525 shares during the period. Institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research reports. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Roth Mkm reiterated a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $35.00 to $45.00 in a report on Monday, March 31st. B. Riley restated a "buy" rating and issued a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.47.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now owns 19,106 shares of the company's stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Celsius Stock Down 1.2 %

CELH traded down $0.46 during mid-day trading on Friday, reaching $36.74. 4,851,429 shares of the company traded hands, compared to its average volume of 7,760,078. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85. The stock has a market capitalization of $9.47 billion, a P/E ratio of 83.50, a P/E/G ratio of 2.90 and a beta of 1.58. The company's fifty day moving average price is $32.12 and its 200-day moving average price is $29.47.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business 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%. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

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.