Celsius Holdings, Inc. (NASDAQ:CELH) Holdings Raised by Virtu Financial LLC

Virtu Financial LLC grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 166.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,406 shares of the company’s stock after acquiring an additional 39,021 shares during the period. Virtu Financial LLC’s holdings in Celsius were worth $1,644,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Celsius by 85.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after acquiring an additional 26,801 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in Celsius in the third quarter valued at approximately $2,772,000. Diversified Trust Co bought a new stake in Celsius in the fourth quarter worth approximately $869,000. Finally, Bennett Selby Investments LP increased its stake in shares of Celsius by 392.6% during the 4th quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock worth $1,360,000 after purchasing an additional 41,161 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CELH shares. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Piper Sandler cut their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. Finally, UBS Group lowered their price target on 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 issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity

In other news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction on 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 owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company’s stock, 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. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Up 5.4 %

Shares of CELH opened at $32.93 on Friday. The stock’s 50-day moving average price is $26.11 and its 200 day moving average price is $28.72. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 74.84, a P/E/G ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Equities research analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current 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.