Celsius Holdings, Inc. (NASDAQ:CELH) Stake Lowered by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 82.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,198 shares of the company’s stock after selling 5,739 shares during the period. CIBC Private Wealth Group LLC’s holdings in Celsius were worth $35,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Celsius by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after acquiring an additional 345,837 shares during the last quarter. State Street Corp increased its stake in 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 acquiring an additional 165,329 shares during the period. Geode Capital Management LLC grew its stake in Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after buying an additional 104,896 shares during the last quarter. Contrarius Group Holdings Ltd bought a new stake in Celsius during the fourth quarter worth about $75,535,000. Finally, Norges Bank bought a new stake in shares of Celsius during the fourth quarter valued at approximately $72,579,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Up 9.9 %

Shares of NASDAQ CELH opened at $37.25 on Thursday. The firm has a market cap of $8.76 billion, a PE ratio of 84.66, a P/E/G ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The company’s fifty day simple moving average is $28.88 and its 200 day simple moving average is $28.98.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $326.07 million. On average, equities analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Needham & Company LLC raised their price objective on shares of Celsius from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler decreased their target price 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. Finally, UBS Group decreased their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.29.

Insider Activity

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

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.