Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,855 shares of the company's stock after purchasing an additional 7,781 shares during the period. MetLife Investment Management LLC's holdings in Celsius were worth $2,551,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CELH. Tidal Investments LLC raised its stake in shares of Celsius by 58.9% during the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company's stock worth $695,000 after buying an additional 8,215 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Celsius during the 3rd quarter worth $734,000. Retirement Systems of Alabama raised its stake in shares of Celsius by 7.3% during the 3rd quarter. Retirement Systems of Alabama now owns 284,501 shares of the company's stock worth $8,922,000 after buying an additional 19,387 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after buying an additional 1,114 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Celsius during the 4th quarter worth $869,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CELH has been the subject of several analyst reports. Stifel Nicolaus cut their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Needham & Company LLC boosted their target price on shares of Celsius from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. B. Riley reissued a "buy" rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Piper Sandler boosted their target price on shares of Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, April 17th. Finally, Roth Mkm reissued a "buy" rating and issued a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $46.47.

Celsius Stock Performance

Celsius stock traded down $0.47 during trading on Tuesday, reaching $35.46. 7,310,618 shares of the company's stock were exchanged, compared to its average volume of 7,812,160. The company's 50-day moving average is $32.59 and its two-hundred day moving average is $29.50. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 80.59, a PEG ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly 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 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%. Analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius 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 completion of the transaction, 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 SEC, which is available at the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company's 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 completion of the transaction, the director now directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

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.