Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 97.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,490 shares of the company's stock after selling 92,209 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Celsius were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC acquired a new stake in shares of Celsius in the 4th quarter valued at about $85,068,000. NewEdge Advisors LLC increased its holdings in Celsius by 2,164.0% in the fourth quarter. NewEdge Advisors LLC now owns 10,007 shares of the company's stock valued at $264,000 after buying an additional 9,565 shares during the last quarter. Jump Financial LLC acquired a new stake in Celsius during the fourth quarter valued at approximately $265,000. Townsquare Capital LLC lifted its holdings in Celsius by 114.4% during the 4th quarter. Townsquare Capital LLC now owns 33,757 shares of the company's stock worth $889,000 after buying an additional 18,011 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Celsius by 45.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 36,500 shares of the company's stock worth $961,000 after acquiring an additional 11,366 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

Shares of CELH traded down $0.48 during trading hours on Tuesday, reaching $35.45. 5,627,896 shares of the company's stock traded hands, compared to its average volume of 7,787,462. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The business's fifty day simple moving average is $32.59 and its two-hundred day simple moving average is $29.50. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 80.46, a P/E/G ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH - Get Free Report) last released its 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 firm had revenue of $332.20 million for the quarter, compared to analysts' expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling

In other news, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company's stock, valued at $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CELH. B. Riley reissued a "buy" rating and set a $49.00 price target (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Stifel Nicolaus reduced their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $45.00 in a research report on Monday, March 31st. TD Cowen cut shares of Celsius from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, LADENBURG THALM/SH SH decreased their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.47.

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.