Assenagon Asset Management S.A. Sells 174,650 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Assenagon Asset Management S.A. cut its position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 95.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,563 shares of the company's stock after selling 174,650 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Celsius were worth $305,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CELH. State of New Jersey Common Pension Fund D raised its position in Celsius by 33.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 76,921 shares of the company's stock valued at $2,026,000 after purchasing an additional 19,070 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in Celsius by 102.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,823 shares of the company's stock valued at $601,000 after purchasing an additional 11,528 shares during the last quarter. New York State Common Retirement Fund raised its position in Celsius by 30.0% in the fourth quarter. New York State Common Retirement Fund now owns 430,427 shares of the company's stock valued at $11,337,000 after purchasing an additional 99,269 shares during the last quarter. Alberta Investment Management Corp bought a new position in Celsius in the fourth quarter valued at about $2,240,000. Finally, Handelsbanken Fonder AB raised its position in Celsius by 27.6% in the fourth quarter. Handelsbanken Fonder AB now owns 44,900 shares of the company's stock valued at $1,183,000 after purchasing an additional 9,700 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen upgraded Celsius from a "hold" rating to a "buy" rating and raised their price objective for the stock from $37.00 to $55.00 in a research report on Monday. LADENBURG THALM/SH SH lowered 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, March 27th. B. Riley restated a "buy" rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Roth Mkm restated a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. Finally, UBS Group raised their price objective on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $47.24.

Insider Buying and Selling

In related news, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the sale, the chief executive officer now directly owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.55% of the stock is currently owned by corporate insiders.

Celsius Price Performance

NASDAQ CELH opened at $44.07 on Friday. The business has a 50 day simple moving average of $37.91 and a 200 day simple moving average of $31.62. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $64.19. The stock has a market capitalization of $11.36 billion, a P/E ratio of 137.72, a P/E/G ratio of 1.58 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.

Want to see what other hedge funds are holding CELH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celsius Holdings Inc. (NASDAQ:CELH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.