K.J. Harrison & Partners Inc Invests $654,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

K.J. Harrison & Partners Inc bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 12,000 shares of the company’s stock, valued at approximately $654,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Celsius by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock worth $831,676,000 after purchasing an additional 762,087 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Celsius by 633.9% in 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 in the last quarter. Invesco Ltd. lifted its holdings in shares of Celsius by 5.7% in the 3rd quarter. Invesco Ltd. now owns 1,167,995 shares of the company’s stock worth $200,428,000 after purchasing an additional 62,483 shares in the last quarter. Braun Stacey Associates Inc. lifted its holdings in shares of Celsius by 5.8% in the 4th quarter. Braun Stacey Associates Inc. now owns 671,588 shares of the company’s stock worth $36,615,000 after purchasing an additional 36,725 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Celsius by 8.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 428,602 shares of the company’s stock worth $73,548,000 after purchasing an additional 33,597 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Roth Mkm raised their target price on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Maxim Group raised their target price on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Piper Sandler raised their target price on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, UBS Group raised their target price on Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.10.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the completion of the sale, the insider now owns 219,257 shares in the company, valued at $20,993,857.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the transaction, the insider now directly owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Deborah Desantis sold 127,838 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $42.90, for a total value of $5,484,250.20. Following the transaction, the insider now directly owns 30,576,919 shares in the company, valued at $1,311,749,825.10. The disclosure for this sale can be found here. Insiders sold 652,319 shares of company stock valued at $43,575,475 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Celsius Price Performance

CELH stock traded up $1.52 during mid-day trading on Friday, reaching $73.16. 1,613,270 shares of the company traded hands, compared to its average volume of 3,685,534. The company has a market capitalization of $16.90 billion, a P/E ratio of 94.61, a P/E/G ratio of 2.09 and a beta of 1.86. Celsius Holdings, Inc. has a 52-week low of $29.92 and a 52-week high of $99.62. The company has a fifty day moving average price of $79.78 and a 200-day moving average price of $64.82.

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

About Celsius

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.