Mutual of America Capital Management LLC Buys 59,359 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Mutual of America Capital Management LLC raised its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 186.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,210 shares of the company’s stock after buying an additional 59,359 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Celsius were worth $4,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CELH. Capital International Investors purchased a new stake in Celsius in the first quarter valued at about $93,034,000. Allspring Global Investments Holdings LLC raised its stake in Celsius by 633.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company’s stock valued at $77,547,000 after buying an additional 1,228,560 shares during the last quarter. Vanguard Group Inc. raised its stake in Celsius by 18.7% in the third quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock valued at $831,676,000 after buying an additional 762,087 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Celsius in the first quarter valued at about $45,022,000. Finally, Braun Stacey Associates Inc. raised its stake in Celsius by 192.5% in the third quarter. Braun Stacey Associates Inc. now owns 634,863 shares of the company’s stock valued at $108,942,000 after buying an additional 417,825 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Down 1.4 %

Celsius stock opened at $79.72 on Monday. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 103.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.86. Celsius Holdings, Inc. has a 52 week low of $28.10 and a 52 week high of $99.62. The business’s 50-day moving average price is $77.36 and its 200 day moving average price is $63.76.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Mkm increased their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Wedbush raised their price objective on Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Piper Sandler raised 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. Bank of America cut Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Friday, January 19th. Finally, Maxim Group raised their price objective on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $85.10.

Insider Buying and Selling at Celsius

In other Celsius news, Director Caroline S. Levy sold 20,000 shares of the firm’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 sale, the director now directly owns 37,891 shares of the company’s stock, valued at $3,590,930.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Celsius news, Director Caroline S. Levy sold 20,000 shares of the firm’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 sale, the director now directly owns 37,891 shares of the company’s stock, valued at $3,590,930.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 60,462 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $33.33, for a total value of $2,015,198.46. Following the completion of the sale, the insider now directly owns 31,603,782 shares in the company, valued at $1,053,354,054.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,094,783 shares of company stock valued at $62,679,671. Company insiders own 2.70% of the company’s stock.

Celsius 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.