Wellington Management Group LLP Sells 1,414,258 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Wellington Management Group LLP cut its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,536,493 shares of the company’s stock after selling 1,414,258 shares during the quarter. Wellington Management Group LLP’s holdings in Celsius were worth $40,471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in Celsius by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. increased its position in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after acquiring an additional 459 shares during the last quarter. Apriem Advisors lifted its holdings in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares during the period. Finally, HM Payson & Co. grew its stake in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Needham & Company LLC raised their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Jefferies Financial Group cut their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. B. Riley reissued a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Stifel Nicolaus dropped their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Piper Sandler reduced their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Stock Performance

Shares of Celsius stock opened at $35.54 on Monday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The stock has a 50 day moving average price of $27.85 and a two-hundred day moving average price of $28.85. The stock has a market capitalization of $8.36 billion, a PE ratio of 80.77, a price-to-earnings-growth ratio of 2.90 and a beta of 1.57.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating 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 business had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

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.