Mutual of America Capital Management LLC Sells 2,943 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Mutual of America Capital Management LLC lessened its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,409 shares of the company’s stock after selling 2,943 shares during the period. Mutual of America Capital Management LLC’s holdings in Celsius were worth $4,876,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CELH. First Trust Advisors LP boosted its holdings in shares of Celsius by 123.5% in the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after buying an additional 324,049 shares during the period. Brown Advisory Inc. acquired a new position in shares of Celsius in the fourth quarter valued at approximately $242,000. LRI Investments LLC acquired a new position in shares of Celsius in the first quarter valued at approximately $134,000. Coldstream Capital Management Inc. boosted its holdings in shares of Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after buying an additional 2,589 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Celsius in the first quarter valued at approximately $563,000. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of CELH opened at $33.17 on Friday. The firm has a 50-day moving average of $40.38 and a 200-day moving average of $63.78. Celsius Holdings, Inc. has a one year low of $31.55 and a one year high of $99.62. The company has a market cap of $7.73 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. Analysts expect that Celsius Holdings, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CELH. B. Riley reduced their price target on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Wedbush reduced their target price on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. TD Cowen decreased their target price 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. UBS Group decreased 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.64.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

About Celsius

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.