Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 76.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,027 shares of the company’s stock after selling 22,297 shares during the quarter. Van ECK Associates Corp’s holdings in Celsius were worth $185,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after purchasing an additional 165,329 shares during the period. Geode Capital Management LLC grew its position in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares during the period. SG Americas Securities LLC grew its position in shares of Celsius by 10,320.0% in 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 period. Charles Schwab Investment Management Inc. grew its position in shares of Celsius by 19.1% in 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 purchasing an additional 221,833 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. Piper Sandler lowered their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. initiated coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and an average price target of $47.67.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on 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 owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Up 27.8 %

Shares of CELH opened at $32.62 on Monday. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $99.62. The company has a 50-day moving average price of $26.02 and a two-hundred day moving average price of $30.24.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal 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.