Celsius Holdings, Inc. (NASDAQ:CELH) Position Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 28.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,561 shares of the company’s stock after selling 3,350 shares during the period. Oppenheimer & Co. Inc.’s holdings in Celsius were worth $225,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after purchasing an additional 1,914,264 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after buying an additional 1,072,859 shares in the last quarter. MIG Capital LLC acquired a new position in shares of Celsius in the third quarter worth about $30,358,000. Peregrine Capital Management LLC purchased a new position in shares of Celsius in the fourth quarter worth approximately $6,439,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares during the period. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CELH. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Stifel Nicolaus reduced their price target 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. B. Riley reaffirmed a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Jefferies Financial Group dropped their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $27.39 on Monday. The business’s 50-day simple moving average is $25.80 and its 200-day simple moving average is $29.31. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 62.25, a P/E/G ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last announced 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 return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. As a group, equities research analysts forecast that Celsius Holdings, Inc. will post 0.89 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.