Truist Financial Corp lowered its stake in Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) by 56.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,871 shares of the company’s stock after selling 17,712 shares during the period. Truist Financial Corp’s holdings in Celsius were worth $792,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CELH. Lighthouse Investment Partners LLC bought a new stake in Celsius in the second quarter valued at $20,024,000. LRI Investments LLC purchased a new stake in Celsius in the 1st quarter worth approximately $134,000. O Shaughnessy Asset Management LLC purchased a new stake in Celsius in the 1st quarter worth approximately $563,000. Advisors Asset Management Inc. purchased a new stake in Celsius in the 1st quarter worth approximately $509,000. Finally, Susquehanna International Group Ltd. purchased a new stake in Celsius in the 2nd quarter worth approximately $1,120,000. Institutional investors and hedge funds own 60.95% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Bank of America decreased their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Truist Financial reduced their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 6th. BNP Paribas initiated coverage on shares of Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target for the company. TD Cowen dropped their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group dropped their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus price target of $56.93.
Insider Activity at Celsius
In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.
Celsius Stock Up 6.2 %
Shares of CELH stock opened at $34.82 on Tuesday. Celsius Holdings, Inc. has a fifty-two week low of $28.20 and a fifty-two week high of $99.62. The stock has a market cap of $8.12 billion, a P/E ratio of 38.26, a P/E/G ratio of 2.29 and a beta of 1.84. The business has a fifty day simple moving average of $35.21 and a 200-day simple moving average of $57.04.
Celsius (NASDAQ:CELH – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.82 earnings per share for the current year.
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.
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