New York State Teachers Retirement System Reduces Position in Celsius Holdings, Inc. (NASDAQ:CELH)

New York State Teachers Retirement System cut its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,333 shares of the company's stock after selling 23,145 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Celsius worth $4,170,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CELH. Charles Schwab Investment Management Inc. raised its stake in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company's stock worth $43,317,000 after buying an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Celsius by 85.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company's stock worth $1,532,000 after buying an additional 26,801 shares in the last quarter. Van ECK Associates Corp raised its stake in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company's stock worth $893,000 after buying an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company's stock worth $5,442,000 after buying an additional 25,315 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Celsius in the third quarter worth about $2,772,000. 60.95% of the stock is owned by institutional investors.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares of the company's stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Celsius Stock Up 27.8 %

CELH traded up $7.09 during trading on Friday, hitting $32.62. The company's stock had a trading volume of 62,307,510 shares, compared to its average volume of 9,298,918. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $99.62. The firm has a market cap of $7.67 billion, a PE ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78. The business's 50 day simple moving average is $26.00 and its 200-day simple moving average is $30.43.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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%. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

CELH has been the topic of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus cut their price objective 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. Morgan Stanley reiterated an "equal weight" rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. TD Cowen cut shares of Celsius from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, UBS Group cut their price target on shares of Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $47.67.

About Celsius

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.