Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 90.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,356 shares of the company's stock after selling 326,346 shares during the quarter. Victory Capital Management Inc.'s holdings in Celsius were worth $905,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management purchased a new position in shares of Celsius in the third quarter worth $39,000. S.A. Mason LLC increased its holdings in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC raised its position in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after acquiring an additional 1,114 shares during the period. Blue Trust Inc. boosted its stake in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after acquiring an additional 441 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Celsius during the 3rd quarter valued at $73,000. Institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, February 10th. B. Riley reissued a "buy" rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Finally, TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and cut their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

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Celsius Price Performance

Shares of NASDAQ:CELH traded up $1.95 during midday trading on Monday, hitting $34.88. The company had a trading volume of 15,117,003 shares, compared to its average volume of 7,349,791. The business's 50-day simple moving average is $26.11 and its 200-day simple moving average is $28.69. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 79.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (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 analysts' expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Activity

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the 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 completion of the transaction, the insider now owns 45,297 shares of the company's stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company's 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 transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

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.