Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,021 shares of the company's stock after selling 10,906 shares during the period. King Luther Capital Management Corp's holdings in Celsius were worth $1,318,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company's stock worth $166,860,000 after buying an additional 165,329 shares during the period. Geode Capital Management LLC grew its stake in shares of Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock valued at $93,928,000 after acquiring an additional 104,896 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Celsius during the fourth quarter worth about $61,160,000. SG Americas Securities LLC lifted its stake in shares of Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock worth $50,910,000 after acquiring an additional 1,914,264 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Celsius by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company's stock valued at $37,093,000 after purchasing an additional 26,959 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

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Insider Transactions at Celsius

In related news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CELH. B. Riley restated a "buy" rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. JPMorgan Chase & Co. started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective on the stock. 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 report on Wednesday, January 22nd. Finally, Needham & Company LLC increased their price target on shares of Celsius from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $47.78.

Celsius Stock Up 10.5 %

NASDAQ CELH traded up $2.85 during trading hours on Monday, hitting $29.93. The company had a trading volume of 11,674,533 shares, compared to its average volume of 10,259,827. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The firm has a market cap of $7.04 billion, a P/E ratio of 68.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The business has a fifty day simple moving average of $25.84 and a 200-day simple moving average of $28.88.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Equities 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.