New York State Teachers Retirement System Decreases Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

New York State Teachers Retirement System decreased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,333 shares of the company’s stock after selling 23,145 shares during the period. New York State Teachers Retirement System owned 0.07% of Celsius worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Creative Planning increased its stake in shares of Celsius by 41.7% in the third quarter. Creative Planning now owns 30,460 shares of the company’s stock worth $955,000 after acquiring an additional 8,966 shares during the period. Blue Trust Inc. lifted its holdings in Celsius by 69.0% during the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Celsius by 9.4% in the third quarter. Raymond James & Associates now owns 217,809 shares of the company’s stock worth $6,830,000 after buying an additional 18,686 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Celsius in the third quarter worth about $1,027,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus reduced their price objective 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. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.56.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is owned by insiders.

Celsius Stock Down 2.1 %

NASDAQ:CELH opened at $25.53 on Friday. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $99.62. The stock has a market cap of $6.00 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.56 and a beta of 1.78. The firm’s fifty day simple moving average is $26.00 and its 200-day simple moving average is $30.43.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 15.61% and a return on equity of 59.40%. Equities analysts anticipate that Celsius Holdings, Inc. will post 0.67 earnings per share for the current year.

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.