Celsius Holdings, Inc. (NASDAQ:CELH) Holdings Decreased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,468 shares of the company’s stock after selling 1,445 shares during the period. Thornburg Investment Management Inc.’s holdings in Celsius were worth $2,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC bought a new position in shares of Celsius in the 4th quarter worth about $85,068,000. Contrarius Group Holdings Ltd bought a new position in Celsius in the fourth quarter worth about $75,535,000. Norges Bank acquired a new position in Celsius in the fourth quarter valued at approximately $72,579,000. Alyeska Investment Group L.P. grew its holdings in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Celsius during the 4th quarter worth approximately $61,160,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

Celsius stock opened at $39.39 on Monday. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The stock has a market capitalization of $10.15 billion, a PE ratio of 89.52, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. The firm has a 50 day simple moving average of $35.17 and a 200-day simple moving average of $29.92.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same quarter last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CELH shares. B. Riley restated a “buy” rating and set a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Celsius from $39.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Needham & Company LLC upped their price target on shares of Celsius from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, LADENBURG THALM/SH SH decreased their target price on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Insider Activity

In other news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction that occurred 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 transaction, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. The trade was a 18.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders own 2.55% 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.