Swiss National Bank Sells 150,600 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Swiss National Bank lessened its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,900 shares of the company’s stock after selling 150,600 shares during the period. Swiss National Bank owned approximately 0.13% of Celsius worth $7,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after acquiring an additional 26,801 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Celsius during the 3rd quarter worth approximately $2,772,000. Diversified Trust Co acquired a new stake in Celsius in the fourth quarter worth $869,000. Finally, Bennett Selby Investments LP raised its holdings in shares of Celsius by 392.6% during the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock valued at $1,360,000 after purchasing an additional 41,161 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CELH. Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. UBS Group reduced their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Insider Activity

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

Celsius Trading Up 5.4 %

CELH stock opened at $32.93 on Friday. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $98.85. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 74.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The company’s 50 day moving average is $26.11 and its 200 day moving average is $28.72.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.