Celsius Holdings, Inc. (NASDAQ:CELH) Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,427 shares of the company’s stock after purchasing an additional 99,269 shares during the quarter. New York State Common Retirement Fund’s holdings in Celsius were worth $11,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Celsius by 85.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after purchasing an additional 26,801 shares during the period. Van ECK Associates Corp grew its position in Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after purchasing an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Celsius in the third quarter valued at $2,772,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

CELH opened at $31.37 on Tuesday. The firm has a market cap of $7.37 billion, a P/E ratio of 71.30, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. The business has a 50 day moving average price of $26.02 and a 200 day moving average price of $30.18. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping 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 analysts’ expectations of $326.07 million. As a group, analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CELH shares. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. Jefferies Financial Group dropped their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. UBS Group decreased their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.67.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.