Contrarius Group Holdings Ltd Takes $75.54 Million Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Contrarius Group Holdings Ltd acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,867,690 shares of the company’s stock, valued at approximately $75,535,000. Celsius makes up 4.6% of Contrarius Group Holdings Ltd’s portfolio, making the stock its 9th biggest position. Contrarius Group Holdings Ltd owned about 1.22% of Celsius as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CELH. Raymond James Financial Inc. purchased a new stake in Celsius during the 4th quarter worth approximately $61,160,000. SG Americas Securities LLC boosted its holdings in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after acquiring an additional 1,914,264 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares during the last quarter. MIG Capital LLC purchased a new stake in shares of Celsius in the 3rd quarter valued at $30,358,000. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Celsius in the 4th quarter valued at $6,439,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CELH. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Piper Sandler lowered their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. B. Riley reissued a “buy” rating and set a $49.00 price target (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Stifel Nicolaus lowered their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, UBS Group lowered their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Stock Performance

Shares of CELH stock opened at $31.90 on Thursday. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The company has a 50 day moving average price of $25.94 and a 200 day moving average price of $28.79. The stock has a market capitalization of $7.50 billion, a P/E ratio of 72.50, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $326.07 million. On average, research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Transactions at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction on 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction 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 transaction, the insider now directly 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. Insiders own 2.20% of the company’s stock.

Celsius Company 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.