Virtu Financial LLC Lowers Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Virtu Financial LLC trimmed its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 40.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,927 shares of the company’s stock after selling 16,055 shares during the period. Virtu Financial LLC’s holdings in Celsius were worth $1,366,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Covestor Ltd grew its position in Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after buying an additional 127 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Celsius by 0.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after acquiring an additional 181 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. TD Cowen reduced their price target 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. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Maxim Group decreased their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Piper Sandler dropped their price target on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.64.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $34.28 on Thursday. The firm’s 50 day moving average price is $41.39 and its 200 day moving average price is $64.52. The firm has a market cap of $7.99 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.85. Celsius Holdings, Inc. has a 1 year low of $31.55 and a 1 year high of $99.62.

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. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. As a group, equities analysts predict that Celsius Holdings, Inc. will post 0.83 EPS 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.