Tredje AP fonden Reduces Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Tredje AP fonden trimmed its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,574 shares of the company’s stock after selling 368 shares during the period. Tredje AP fonden’s holdings in Celsius were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in shares of Celsius in the fourth quarter valued at $25,000. FinTrust Capital Advisors LLC purchased a new position in Celsius during the 1st quarter valued at about $25,000. Tidemark LLC bought a new stake in shares of Celsius during the fourth quarter valued at about $29,000. Heritage Wealth Advisors lifted its holdings in shares of Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock worth $30,000 after buying an additional 368 shares in the last quarter. Finally, S.A. Mason LLC bought a new position in shares of Celsius in the second quarter valued at approximately $30,000. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

CELH has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. BNP Paribas started coverage on Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price objective on the stock. Wedbush reduced their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Jefferies Financial Group decreased their target price on Celsius from $68.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Roth Mkm dropped their price target on Celsius from $65.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $57.64.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Celsius Stock Down 2.6 %

Shares of NASDAQ:CELH opened at $33.17 on Friday. The company’s fifty day moving average is $40.38 and its 200 day moving average is $63.94. Celsius Holdings, Inc. has a 52 week low of $31.55 and a 52 week high of $99.62. The stock has a market cap of $7.73 billion, a PE ratio of 36.45, a PEG ratio of 2.46 and a beta of 1.85.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. Celsius’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.83 EPS for the current 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.