Celsius Holdings, Inc. (NASDAQ:CELH) Stock Position Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 90.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,356 shares of the company’s stock after selling 326,346 shares during the period. Victory Capital Management Inc.’s holdings in Celsius were worth $905,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Celsius by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company’s stock valued at $37,093,000 after buying an additional 26,959 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Celsius during the 4th quarter valued at about $194,000. Jones Financial Companies Lllp grew its position in shares of Celsius by 21.9% during the 4th quarter. Jones Financial Companies Lllp now owns 17,350 shares of the company’s stock valued at $457,000 after buying an additional 3,116 shares during the last quarter. Bridges Investment Management Inc. grew its position in shares of Celsius by 32.1% during the 4th quarter. Bridges Investment Management Inc. now owns 22,170 shares of the company’s stock valued at $584,000 after buying an additional 5,387 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in Celsius in the 4th quarter worth about $119,000. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

CELH stock opened at $31.25 on Friday. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The firm has a market cap of $7.35 billion, a PE ratio of 71.02, a P/E/G ratio of 2.90 and a beta of 1.90. The firm has a 50 day simple moving average of $25.98 and a 200 day simple moving average of $28.81.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on CELH shares. Roth Mkm restated a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Piper Sandler decreased their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus decreased their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Needham & Company LLC upped their target price on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the company’s 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 completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company’s stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% 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.