Charles Schwab Investment Management Inc. Has $37.09 Million Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Charles Schwab Investment Management Inc. grew its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,408,238 shares of the company's stock after buying an additional 26,959 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of Celsius worth $37,093,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. S.A. Mason LLC grew its position in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after purchasing an additional 700 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius in the third quarter worth $39,000. GAMMA Investing LLC raised its position in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after buying an additional 1,114 shares during the period. Blue Trust Inc. boosted its position in 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 period. Finally, Venturi Wealth Management LLC purchased a new position in Celsius during the 3rd quarter valued at about $55,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CELH shares. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price objective on the stock. Jefferies Financial Group dropped their price target on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Piper Sandler lowered their target price on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Needham & Company LLC raised their price target on Celsius from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.00.

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Insider Activity

In other news, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction 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 sale, the director now owns 19,106 shares in the company, 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 company insiders.

Celsius Trading Up 5.2 %

CELH traded up $1.59 during midday trading on Wednesday, reaching $31.96. The company's stock had a trading volume of 8,423,414 shares, compared to its average volume of 7,221,951. The company has a fifty day simple moving average of $25.88 and a 200 day simple moving average of $28.77. The stock has a market cap of $7.51 billion, a P/E ratio of 72.36, a PEG 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 announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Sell-side analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

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.