Truist Financial Corp Sells 7,460 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Truist Financial Corp lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 28.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,912 shares of the company’s stock after selling 7,460 shares during the quarter. Truist Financial Corp’s holdings in Celsius were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CELH. SG Americas Securities LLC lifted its position in shares of Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after buying an additional 1,914,264 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares during the last quarter. MIG Capital LLC purchased a new stake in shares of Celsius during the 3rd quarter worth approximately $30,358,000. Charles Schwab Investment Management Inc. increased its stake in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Finally, Arcus Capital Partners LLC purchased a new stake in shares of Celsius during the 4th quarter worth approximately $5,784,000. Institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In other 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 directly 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 SEC, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $25.65 on Tuesday. The firm has a fifty day moving average price of $25.89 and a two-hundred day moving average price of $29.72. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating 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 firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CELH shares. Needham & Company LLC raised their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. B. Riley restated a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $47.78.

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.