Daiwa Securities Group Inc. Cuts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Daiwa Securities Group Inc. cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 74.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,285 shares of the company's stock after selling 15,271 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Celsius were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its position in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock valued at $1,151,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Celsius by 32.8% in 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. Apriem Advisors lifted its holdings in shares of Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company's stock worth $478,000 after acquiring an additional 525 shares during the last quarter. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Celsius by 1.3% in the 4th quarter. Arizona State Retirement System now owns 43,958 shares of the company's stock worth $1,158,000 after acquiring an additional 553 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

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Insider Transactions at Celsius

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 value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction dated 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 directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CELH. TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a report on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective for the company. B. Riley restated a "buy" rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Roth Mkm restated a "buy" rating and issued a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Finally, Jefferies Financial Group lowered their price target on shares of Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Celsius has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Celsius Price Performance

Celsius stock traded down $0.65 during mid-day trading on Thursday, reaching $31.25. 6,586,864 shares of the company traded hands, compared to its average volume of 7,246,871. The firm's 50 day moving average price is $25.94 and its 200 day moving average price is $28.79. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 71.02, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate 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 anticipate that Celsius Holdings, Inc. will post 0.89 EPS 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.