Capital International Investors Reduces Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Capital International Investors lessened its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,034,346 shares of the company’s stock after selling 7,367 shares during the period. Capital International Investors’ holdings in Celsius were worth $106,265,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CELH. Champlain Investment Partners LLC purchased a new stake in Celsius in the 4th quarter valued at approximately $85,068,000. NewEdge Advisors LLC lifted its position in shares of Celsius by 2,164.0% in the fourth quarter. NewEdge Advisors LLC now owns 10,007 shares of the company’s stock valued at $264,000 after acquiring an additional 9,565 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Celsius during the fourth quarter valued at $265,000. Townsquare Capital LLC increased its position in Celsius by 114.4% during the 4th quarter. Townsquare Capital LLC now owns 33,757 shares of the company’s stock worth $889,000 after purchasing an additional 18,011 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Celsius by 45.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 36,500 shares of the company’s stock valued at $961,000 after purchasing an additional 11,366 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Celsius Stock Up 1.6 %

CELH opened at $37.24 on Friday. The firm has a market capitalization of $9.60 billion, a P/E ratio of 84.64, a P/E/G ratio of 2.90 and a beta of 1.58. The firm’s 50 day moving average is $30.92 and its 200-day moving average is $29.26. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $326.07 million. Equities analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. LADENBURG THALM/SH SH decreased their price objective on Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. UBS Group upped their target price on Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday. Finally, B. Riley restated a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.47.

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.