Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,719 shares of the company’s stock after selling 1,854 shares during the period. State of Tennessee Department of Treasury’s holdings in Celsius were worth $1,731,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. increased its holdings in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after acquiring an additional 459 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Celsius by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock worth $2,040,000 after acquiring an additional 490 shares during the period. Finally, Apriem Advisors raised its holdings in Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

Celsius stock opened at $35.46 on Wednesday. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 80.59, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The stock’s 50-day moving average is $32.79 and its 200-day moving average is $29.54.

Celsius (NASDAQ:CELH) last posted its quarterly 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 firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Celsius from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 17th. Roth Mkm reiterated a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. B. Riley restated a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday, February 21st. LADENBURG THALM/SH SH lowered their price target on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, Needham & Company LLC upped their price objective on shares of Celsius from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $46.47.

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.