Kayne Anderson Rudnick Investment Management LLC Boosts Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Kayne Anderson Rudnick Investment Management LLC boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 12.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,682,225 shares of the company’s stock after purchasing an additional 298,565 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Celsius were worth $70,650,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. HM Payson & Co. grew its position in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares during the period. S.A. Mason LLC boosted its stake in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares during the period. Blue Trust Inc. increased its stake in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in Celsius in the 4th quarter worth $50,000. 60.95% of the stock is currently owned by institutional investors.

Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now 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. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on Celsius from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. B. Riley reissued a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Piper Sandler lifted their price target on shares of Celsius from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday. LADENBURG THALM/SH SH reduced their price objective on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Finally, Roth Mkm restated a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $46.47.

Celsius Price Performance

NASDAQ CELH opened at $37.24 on Monday. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85. The business has a 50 day simple moving average of $30.92 and a two-hundred day simple moving average of $29.26. The stock has a market capitalization of $9.60 billion, a PE ratio of 84.64, a P/E/G ratio of 2.90 and a beta of 1.58.

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 firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.