Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lessened its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 36.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,756 shares of the company’s stock after selling 5,507 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Celsius were worth $257,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Celsius by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after purchasing an additional 345,837 shares during the last quarter. Alliancebernstein L.P. increased its position in Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after buying an additional 1,444,020 shares during the period. FMR LLC lifted its stake in Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after buying an additional 1,585,839 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Celsius during the fourth quarter valued at $85,068,000. Finally, Contrarius Group Holdings Ltd bought a new position in shares of Celsius during the fourth quarter worth about $75,535,000. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In related news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This trade represents a 17.31% decrease in their position. The transaction 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 business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Celsius from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Truist Financial raised Celsius from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $45.00 in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average price target of $46.88.

Celsius Trading Up 1.6%

Shares of Celsius stock opened at $37.93 on Wednesday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The stock has a market cap of $9.78 billion, a PE ratio of 86.21, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. The company’s 50-day moving average price is $34.48 and its two-hundred day moving average price is $29.75.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, equities analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.