Deutsche Bank AG Reduces Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Deutsche Bank AG trimmed its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 96.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,139 shares of the company's stock after selling 230,405 shares during the period. Deutsche Bank AG's holdings in Celsius were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Cresset Asset Management LLC raised its position in Celsius by 11.4% during the 4th quarter. Cresset Asset Management LLC now owns 11,934 shares of the company's stock worth $314,000 after buying an additional 1,223 shares during the last quarter. Crestline Management LP acquired a new stake in Celsius in the 4th quarter valued at $3,330,000. Centiva Capital LP acquired a new stake in Celsius during the 4th quarter worth $775,000. Bayesian Capital Management LP boosted its stake in Celsius by 110.2% during the 4th quarter. Bayesian Capital Management LP now owns 30,484 shares of the company's stock worth $803,000 after purchasing an additional 15,984 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Celsius by 32.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,927,192 shares of the company's stock worth $50,761,000 after acquiring an additional 468,094 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on CELH shares. JPMorgan Chase & Co. lifted their target price on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. B. Riley restated a "buy" rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. Stifel Nicolaus reduced their target price on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. Needham & Company LLC restated a "buy" rating and issued a $47.00 price target on shares of Celsius in a research report on Thursday, May 29th. Finally, Roth Mkm reiterated a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. One 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.94.

Celsius Stock Down 0.0%

Shares of NASDAQ CELH traded down $0.01 during midday trading on Thursday, hitting $40.08. The stock had a trading volume of 6,363,144 shares, compared to its average volume of 8,075,631. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 91.09, a PEG ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $75.69. The company has a fifty day moving average price of $36.61 and a 200 day moving average price of $30.65.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly 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). The company had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business's revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. On average, research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, Director Joyce Russell sold 4,000 shares of the business'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 approximately $543,947.82. The trade was a 17.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.55% of the stock is currently 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.