Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 96.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,553 shares of the company's stock after selling 395,694 shares during the period. Clearbridge Investments LLC's holdings in Celsius were worth $410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CELH. Bank of Montreal Can boosted its position in shares of Celsius by 146.5% during the third quarter. Bank of Montreal Can now owns 66,748 shares of the company's stock valued at $2,171,000 after buying an additional 39,671 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Celsius by 5.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 129,427 shares of the company's stock valued at $4,059,000 after acquiring an additional 6,731 shares during the period. Townsquare Capital LLC purchased a new position in Celsius during the 3rd quarter valued at $494,000. MetLife Investment Management LLC grew its position in Celsius by 2.2% in the 3rd quarter. MetLife Investment Management LLC now owns 89,074 shares of the company's stock valued at $2,793,000 after acquiring an additional 1,877 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Celsius by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,267 shares of the company's stock worth $21,082,000 after purchasing an additional 9,615 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CELH. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $45.00 in a research note on Monday, March 31st. TD Cowen downgraded shares of Celsius from a "buy" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They set a "hold" rating and a $32.00 price target for the company. Piper Sandler dropped their price objective on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, Morgan Stanley restated an "equal weight" rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.00.

Insider Activity

In other news, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company's stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Celsius Price Performance

Celsius stock traded up $0.80 during trading hours on Tuesday, reaching $36.26. The stock had a trading volume of 2,496,756 shares, compared to its average volume of 7,596,641. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 82.40, a PEG ratio of 2.90 and a beta of 1.58. The business's 50 day moving average price is $28.05 and its 200-day moving average price is $28.86.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million during 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%. On average, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.