Bank of New York Mellon Corp Lowers Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Bank of New York Mellon Corp lowered its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,435,480 shares of the company's stock after selling 697,681 shares during the quarter. Bank of New York Mellon Corp owned about 1.46% of Celsius worth $90,491,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company's stock valued at $166,860,000 after buying an additional 165,329 shares during the last quarter. Geode Capital Management LLC lifted its position in Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock valued at $93,928,000 after buying an additional 104,896 shares during the last quarter. SG Americas Securities LLC lifted its position in Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock valued at $50,910,000 after buying an additional 1,914,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company's stock valued at $43,317,000 after buying an additional 221,833 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock valued at $37,033,000 after buying an additional 1,072,859 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Stock Up 1.0 %

Celsius stock traded up $0.25 during mid-day trading on Tuesday, hitting $25.90. The company had a trading volume of 15,550,051 shares, compared to its average volume of 10,733,817. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 58.86, a PEG ratio of 2.90 and a beta of 1.78. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $99.62. The business has a fifty day moving average of $25.86 and a 200 day moving average of $29.62.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Equities analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

CELH has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a "hold" rating and a $32.00 price target on the stock. Jefferies Financial Group reduced their price target on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Piper Sandler reduced their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. B. Riley reissued a "buy" rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an "equal weight" rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average target price of $47.78.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction 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. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

About Celsius

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.