PNC Financial Services Group Inc. Acquires 10,748 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

PNC Financial Services Group Inc. raised its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 201.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,079 shares of the company’s stock after acquiring an additional 10,748 shares during the period. PNC Financial Services Group Inc.’s holdings in Celsius were worth $877,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its holdings in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Celsius in the 4th quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new position in Celsius in the 4th quarter valued at approximately $25,000. USA Financial Formulas acquired a new position in Celsius in the 3rd quarter valued at approximately $90,000. Finally, Tidemark LLC acquired a new position in Celsius in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $59.77 on Tuesday. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 1.78 and a beta of 1.93. The business’s fifty day moving average price is $76.11 and its two-hundred day moving average price is $70.14. Celsius Holdings, Inc. has a 52 week low of $45.03 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. As a group, research analysts forecast that Celsius Holdings, Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Piper Sandler increased their target price on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Stifel Nicolaus dropped their target price on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, June 12th. Wedbush dropped their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. BNP Paribas assumed coverage on Celsius in a report on Monday. They issued an “outperform” rating and a $87.00 target price for the company. Finally, Bank of America increased their target price on Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.81.

Insider Buying and Selling at Celsius

In other news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,776,696 shares of company stock worth $107,920,209. 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.