Celsius Holdings, Inc. (NASDAQ:CELH) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 32.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,923 shares of the company's stock after purchasing an additional 33,665 shares during the quarter. Sei Investments Co. owned about 0.06% of Celsius worth $3,659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CELH. Contrarius Group Holdings Ltd purchased a new position in Celsius in the fourth quarter valued at $75,535,000. Raymond James Financial Inc. acquired a new position in Celsius in the 4th quarter worth about $61,160,000. SG Americas Securities LLC raised 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 worth $50,910,000 after purchasing an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC boosted its position in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock worth $37,033,000 after purchasing an additional 1,072,859 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Celsius by 91.9% in the fourth quarter. American Century Companies Inc. now owns 933,870 shares of the company's stock valued at $24,598,000 after purchasing an additional 447,328 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CELH has been the subject of several research analyst reports. Piper Sandler reduced their target price on Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. B. Riley restated a "buy" rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Morgan Stanley reaffirmed an "equal weight" rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Needham & Company LLC boosted their target price 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. Finally, Jefferies Financial Group decreased their price target on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

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Insider Activity

In related news, Director Joyce Russell sold 4,000 shares of the business'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 sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Celsius Stock Down 4.4 %

Shares of CELH traded down $1.57 during midday trading on Tuesday, reaching $33.89. The company had a trading volume of 9,191,899 shares, compared to its average volume of 7,643,178. The firm has a 50 day simple moving average of $28.40 and a 200-day simple moving average of $28.90. The stock has a market cap of $7.97 billion, a PE ratio of 77.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius 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.