Van ECK Associates Corp Takes $614000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

12 May 2024

Defense World

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Van ECK Associates Corp Takes 614000 Position in Celsius Holdings Inc
NASDAQCELH

Van ECK Associates Corp purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its position in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 135 shares during the period. Contravisory Investment Management Inc. acquired a new position in Celsius in the 4th quarter worth about $25,000. Cambridge Trust Co. boosted its position in Celsius by 280.0% during the fourth quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock worth $31,000 after purchasing an additional 420 shares in the last quarter. Heritage Wealth Advisors acquired a new stake in Celsius in the third quarter valued at approximately $32,000. Finally, Salem Investment Counselors Inc. acquired a new stake in Celsius in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, Director Caroline S. Levy sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total value of $1,895,400.00. Following the transaction, the director now directly owns 37,891 shares in the company, valued at $3,590,930.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the completion of the sale, the director now directly owns 37,891 shares in the company, valued at approximately $3,590,930.07. The disclosure for this sale can be found here. Insiders sold 2,045,196 shares of company stock worth $131,499,404 in the last 90 days. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CELH. Bank of America lowered Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Friday, January 19th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Celsius in a report on Friday, May 3rd. Morgan Stanley reissued an “equal weight” rating and set a $75.00 target price on shares of Celsius in a research note on Wednesday, March 27th. Stifel Nicolaus decreased their price target on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Piper Sandler boosted their price objective on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.36.

Check Out Our Latest Report on Celsius

Celsius Stock Performance

NASDAQ CELH opened at $82.81 on Friday. The stock’s fifty day moving average is $81.50 and its two-hundred day moving average is $66.27. The firm has a market capitalization of $19.13 billion, a P/E ratio of 107.08, a price-to-earnings-growth ratio of 2.28 and a beta of 1.93. Celsius Holdings, Inc. has a fifty-two week low of $40.87 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s revenue was up 36.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

About Celsius

(Free Report)

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.