Victory Capital Management Inc. Buys 132,296 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Victory Capital Management Inc. raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 53.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 378,446 shares of the company’s stock after acquiring an additional 132,296 shares during the quarter. Victory Capital Management Inc. owned approximately 0.16% of Celsius worth $21,605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Celsius by 183.6% during the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after purchasing an additional 8,899,873 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Celsius by 424.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after purchasing an additional 2,261,046 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after purchasing an additional 1,934,400 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Celsius during the 4th quarter valued at $101,116,000. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

NASDAQ CELH opened at $32.94 on Friday. The stock has a 50-day simple moving average of $43.18 and a two-hundred day simple moving average of $65.64. The firm has a market capitalization of $7.68 billion, a P/E ratio of 36.19, a PEG ratio of 2.23 and a beta of 1.85. Celsius Holdings, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same period last year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. As a group, analysts forecast that Celsius Holdings, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CELH has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on Celsius from $68.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, September 5th. UBS Group decreased their price objective on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Piper Sandler reduced their target price on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Bank of America reduced their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Finally, Stifel Nicolaus reduced their target price on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.64.

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.