Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lowered its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,208 shares of the company’s stock after selling 8,594 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Celsius were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. S.A. Mason LLC raised its holdings in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after purchasing an additional 700 shares in the last quarter. Activest Wealth Management acquired a new stake in Celsius during the third quarter worth approximately $39,000. GAMMA Investing LLC raised its holdings in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares in the last quarter. Blue Trust Inc. raised its holdings in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Celsius during the third quarter worth approximately $55,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CELH shares. Stifel Nicolaus cut 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price on the stock. Morgan Stanley restated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. Roth Mkm restated a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

Celsius Price Performance

NASDAQ:CELH opened at $27.49 on Thursday. The firm’s fifty day moving average price is $25.88 and its 200 day moving average price is $29.13. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 62.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction 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 completion of the transaction, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

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.