Victory Capital Management Inc. Has $1.07 Million Position in Celsius Holdings Inc. (NASDAQ:CELH)

Victory Capital Management Inc. reduced its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,133 shares of the company’s stock after selling 4,223 shares during the period. Victory Capital Management Inc.’s holdings in Celsius were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CELH. Champlain Investment Partners LLC bought a new position in Celsius during the 4th quarter worth $85,068,000. Norges Bank bought a new position in shares of Celsius in the 4th quarter valued at $72,579,000. Alyeska Investment Group L.P. raised its holdings in shares of Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock worth $181,164,000 after buying an additional 2,591,345 shares in the last quarter. FMR LLC raised its holdings in shares of Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company’s stock worth $106,813,000 after buying an additional 1,585,839 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Celsius by 264.1% during the 4th quarter. Two Sigma Investments LP now owns 894,158 shares of the company’s stock worth $23,552,000 after buying an additional 648,582 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Trading Down 1.9%

Shares of NASDAQ:CELH opened at $46.54 on Thursday. The stock’s 50-day moving average price is $43.13 and its 200-day moving average price is $35.14. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $48.47. The stock has a market capitalization of $12.00 billion, a P/E ratio of 145.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, research analysts predict that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

CELH has been the subject of a number of research analyst reports. Wall Street Zen raised Celsius from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Piper Sandler boosted their price target on Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. TD Cowen raised Celsius from a “hold” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $55.00 in a report on Monday, June 16th. Truist Financial boosted their price target on Celsius from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.28.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $47.00, for a total value of $4,700,000.00. Following the sale, the insider directly owned 17,917,770 shares of the company’s stock, valued at $842,135,190. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $47.00, for a total value of $4,700,000.00. Following the completion of the sale, the insider directly owned 17,917,770 shares in the company, valued at $842,135,190. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 762,974 shares of company stock valued at $35,158,418 over the last ninety days. 2.55% of the stock is owned by insiders.

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.