Rhumbline Advisers Has $12.50 Million Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Rhumbline Advisers reduced its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 474,664 shares of the company’s stock after selling 11,145 shares during the period. Rhumbline Advisers owned approximately 0.20% of Celsius worth $12,503,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CELH. Arcus Capital Partners LLC acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $5,784,000. Capital Advisors Inc. OK acquired a new position in Celsius during the fourth quarter worth $527,000. Louisiana State Employees Retirement System increased its holdings in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after buying an additional 400 shares during the last quarter. Sovran Advisors LLC acquired a new position in Celsius during the fourth quarter worth $2,224,000. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in Celsius by 6.0% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,935 shares of the company’s stock worth $920,000 after buying an additional 1,986 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. 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. Roth Mkm reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.67.

Celsius Price Performance

NASDAQ CELH opened at $32.62 on Monday. The stock has a market capitalization of $7.67 billion, a PE ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78. The business has a 50 day simple moving average of $26.02 and a two-hundred day simple moving average of $30.24. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. On average, analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Celsius 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.