Mercer Global Advisors Inc. ADV Has $305,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Mercer Global Advisors Inc. ADV trimmed its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 64.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,336 shares of the company’s stock after selling 9,709 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Celsius were worth $305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Precision Wealth Strategies LLC lifted its stake in shares of Celsius by 199.3% in the 4th quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock valued at $327,000 after acquiring an additional 3,998 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Celsius by 215.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after purchasing an additional 332,980 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Celsius in the fourth quarter valued at approximately $587,000. Cambridge Investment Research Advisors Inc. raised its holdings in Celsius by 248.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 57,140 shares of the company’s stock valued at $3,115,000 after buying an additional 40,754 shares during the last quarter. Finally, US Bancorp DE boosted its position in Celsius by 280.0% during the 4th quarter. US Bancorp DE now owns 25,817 shares of the company’s stock worth $1,408,000 after buying an additional 19,023 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Up 3.9 %

Shares of NASDAQ CELH opened at $32.53 on Monday. Celsius Holdings, Inc. has a 12-month low of $30.86 and a 12-month high of $99.62. The firm has a market cap of $7.58 billion, a PE ratio of 35.75, a P/E/G ratio of 2.45 and a beta of 1.85. The company’s fifty day simple moving average is $38.43 and its 200 day simple moving average is $61.80.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. On average, equities analysts predict that Celsius Holdings, Inc. will post 0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CELH shares. Jefferies Financial Group decreased their price target on shares of Celsius from $68.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. UBS Group lowered their target price on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. TD Cowen reduced their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Truist Financial decreased their price target on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Finally, Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated 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 owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

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.