Russell Investments Group Ltd. Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Russell Investments Group Ltd. grew its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 235.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 278,292 shares of the company’s stock after buying an additional 195,221 shares during the quarter. Russell Investments Group Ltd.’s holdings in Celsius were worth $15,173,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CELH. Vanguard Group Inc. lifted its stake in Celsius by 18.7% in the third quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock worth $831,676,000 after acquiring an additional 762,087 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Celsius by 633.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company’s stock worth $77,547,000 after purchasing an additional 1,228,560 shares during the last quarter. Invesco Ltd. increased its holdings in Celsius by 5.7% in the third quarter. Invesco Ltd. now owns 1,167,995 shares of the company’s stock valued at $200,428,000 after buying an additional 62,483 shares during the last quarter. Braun Stacey Associates Inc. lifted its holdings in Celsius by 5.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 671,588 shares of the company’s stock worth $36,615,000 after buying an additional 36,725 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Celsius by 8.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 428,602 shares of the company’s stock worth $73,548,000 after acquiring an additional 33,597 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celsius

In other news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares in the company, valued at approximately $5,808,371.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nicholas Castaldo sold 165,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the transaction, the director now owns 352,864 shares in the company, valued at approximately $29,404,157.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,186,215 shares of company stock valued at $80,215,119. 2.20% of the stock is owned by company insiders.

Celsius Stock Up 2.1 %

Shares of CELH stock opened at $75.97 on Friday. The stock’s 50-day moving average price is $80.79 and its 200 day moving average price is $65.47. The stock has a market capitalization of $17.55 billion, a PE ratio of 98.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.93. Celsius Holdings, Inc. has a 52-week low of $32.99 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 95.2% compared to the same quarter last year. Analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CELH shares. Piper Sandler raised their target price on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Stifel Nicolaus reduced their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $75.00 target price on shares of Celsius in a research report on Wednesday, March 27th. Bank of America cut shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Friday, January 19th. Finally, Stifel Europe raised their price objective on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.45.

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.