Contrarius Group Holdings Ltd Acquires Shares of 2,867,690 Celsius Holdings, Inc. (NASDAQ:CELH)

Contrarius Group Holdings Ltd purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,867,690 shares of the company’s stock, valued at approximately $75,535,000. Celsius makes up approximately 4.6% of Contrarius Group Holdings Ltd’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its stake in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. grew its holdings in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the period. Apriem Advisors grew its holdings in Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after acquiring an additional 525 shares during the period. HM Payson & Co. increased its stake in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company’s stock worth $1,158,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Up 5.0 %

NASDAQ CELH opened at $31.90 on Thursday. The stock has a market cap of $7.50 billion, a P/E ratio of 72.50, a PEG ratio of 2.90 and a beta of 1.90. The company’s 50-day simple moving average is $25.94 and its 200 day simple moving average is $28.79. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85.

Celsius (NASDAQ:CELH) last posted its earnings results 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. The business had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Research analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CELH. Roth Mkm reissued a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. Jefferies Financial Group dropped their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. B. Riley reiterated a “buy” rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Finally, Piper Sandler dropped their target price 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Buying and Selling at Celsius

In other Celsius 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 transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the business’s 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 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. Company insiders own 2.20% of the company’s stock.

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.