California State Teachers Retirement System Sells 113,544 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

California State Teachers Retirement System cut its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 44.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,579 shares of the company's stock after selling 113,544 shares during the quarter. California State Teachers Retirement System owned approximately 0.06% of Celsius worth $3,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Assets Investment Management LLC bought a new stake in shares of Celsius during the fourth quarter worth $1,054,000. Heck Capital Advisors LLC bought a new stake in Celsius during the 4th quarter worth $219,000. GF Fund Management CO. LTD. acquired a new position in Celsius in the 4th quarter worth about $4,855,000. Sunbelt Securities Inc. increased its holdings in Celsius by 23.4% in the 4th quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company's stock worth $118,000 after purchasing an additional 864 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Celsius in the fourth quarter valued at about $1,684,000. Institutional investors own 60.95% of the company's stock.

Celsius Stock Down 0.0%

NASDAQ:CELH traded down $0.01 during trading hours on Thursday, reaching $40.08. The company had a trading volume of 6,363,144 shares, compared to its average volume of 8,061,569. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $75.69. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 91.09, a P/E/G ratio of 2.90 and a beta of 1.65. The business's 50-day simple moving average is $36.61 and its two-hundred day simple moving average is $30.65.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The business's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CELH. Roth Mkm restated a "buy" rating and set a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Wells Fargo & Company upped their price target on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday. Stifel Nicolaus dropped their price target 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. Piper Sandler boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, B. Riley restated a "buy" rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of "Moderate Buy" and an average price target of $46.94.

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.