Victory Capital Management Inc. Sells 4,223 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Victory Capital Management Inc. trimmed its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,133 shares of the company’s stock after selling 4,223 shares during the quarter. Victory Capital Management Inc.’s holdings in Celsius were worth $1,073,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted 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 valued at $416,517,000 after acquiring an additional 345,837 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. FMR LLC lifted its holdings in shares of Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Celsius during the fourth quarter valued at approximately $85,068,000. Finally, Norges Bank purchased a new position in shares of Celsius during the fourth quarter valued at approximately $72,579,000. 60.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Needham & Company LLC lifted their target price on shares of Celsius from $47.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 10th. B. Riley lifted their target price on shares of Celsius from $49.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen upgraded shares of Celsius from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Roth Capital reiterated a “buy” rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, TD Cowen upgraded shares of Celsius from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $55.00 in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $47.28.

Celsius Stock Down 1.9%

NASDAQ:CELH opened at $46.54 on Thursday. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $48.47. The firm has a 50 day moving average of $43.13 and a 200 day moving average of $35.14. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 145.44, a PEG ratio of 1.68 and a beta of 1.45.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $329.28 million for the quarter, compared to analysts’ expectations of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. As a group, analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 100,000 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the sale, the insider owned 17,917,770 shares in the company, valued at approximately $842,135,190. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Fieldly sold 130,803 shares of the firm’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer owned 1,038,577 shares in the company, valued at approximately $46,735,965. This represents a 11.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 762,974 shares of company stock worth $35,158,418. 2.55% of the stock is owned by company insiders.

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.