Artisan Partners Limited Partnership Cuts Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Artisan Partners Limited Partnership decreased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778,011 shares of the company’s stock after selling 95,428 shares during the period. Artisan Partners Limited Partnership owned about 0.33% of Celsius worth $20,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Celsius Trading Down 4.3 %

Celsius stock opened at $33.65 on Friday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 76.48, a P/E/G ratio of 2.90 and a beta of 1.90. The stock’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $28.83. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Sell-side analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CELH shares. Needham & Company LLC raised their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. Piper Sandler reduced their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH cut their price objective on Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.41.

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

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.