Cibc World Market Inc. Lowers Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Cibc World Market Inc. trimmed its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELHGet Rating) by 32.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,861 shares of the company’s stock after selling 4,213 shares during the quarter. Cibc World Market Inc.’s holdings in Celsius were worth $578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Celsius by 224.6% during the second quarter. Russell Investments Group Ltd. now owns 144,409 shares of the company’s stock valued at $9,422,000 after acquiring an additional 99,919 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Celsius by 20.3% during the second quarter. Handelsbanken Fonder AB now owns 8,300 shares of the company’s stock valued at $542,000 after acquiring an additional 1,400 shares during the last quarter. Calamos Advisors LLC increased its position in shares of Celsius by 124.6% during the second quarter. Calamos Advisors LLC now owns 131,288 shares of the company’s stock valued at $8,568,000 after acquiring an additional 72,844 shares during the last quarter. Candlestick Capital Management LP increased its position in shares of Celsius by 520.0% during the first quarter. Candlestick Capital Management LP now owns 930,000 shares of the company’s stock valued at $51,317,000 after acquiring an additional 780,000 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Celsius by 6.4% during the first quarter. Teacher Retirement System of Texas now owns 6,921 shares of the company’s stock valued at $382,000 after acquiring an additional 419 shares during the last quarter. 55.30% of the stock is owned by hedge funds and other institutional investors.

Celsius Price Performance

Celsius stock opened at $96.09 on Tuesday. Celsius Holdings, Inc. has a one year low of $38.31 and a one year high of $118.19. The business has a fifty day moving average price of $91.31 and a 200-day moving average price of $83.14. The firm has a market capitalization of $7.32 billion, a P/E ratio of -45.76 and a beta of 1.83.

Celsius (NASDAQ:CELHGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.85). Celsius had a negative return on equity of 12.52% and a negative net margin of 26.58%. The company had revenue of $188.23 million during the quarter, compared to the consensus estimate of $163.14 million. Sell-side analysts expect that Celsius Holdings, Inc. will post -1.76 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 70,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $115.55, for a total value of $8,088,500.00. Following the completion of the transaction, the chief executive officer now directly owns 311,619 shares of the company’s stock, valued at $36,007,575.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of a number of research analyst reports. UBS Group increased their price target on Celsius from $74.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Stifel Nicolaus increased their price objective on Celsius from $93.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Wedbush started coverage on Celsius in a report on Monday, October 10th. They set a “neutral” rating and a $90.00 price objective for the company. Credit Suisse Group increased their price objective on Celsius to $85.00 in a report on Tuesday, November 15th. Finally, B. Riley increased their price objective on Celsius from $130.00 to $140.00 in a report on Thursday, November 10th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.14.

Celsius Profile

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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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