E. Ohman J or Asset Management AB Has $2.06 Million Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

E. Ohman J or Asset Management AB lessened its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,872 shares of the company's stock after selling 7,128 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Celsius were worth $2,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Moody National Bank Trust Division boosted its holdings in shares of Celsius by 1.3% during the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock worth $968,000 after acquiring an additional 344 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock worth $1,151,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. boosted its holdings in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after acquiring an additional 459 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Celsius by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $40.60 on Friday. The company has a fifty day moving average of $36.70 and a 200-day moving average of $30.75. The company has a market capitalization of $10.46 billion, a PE ratio of 92.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $75.11.

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

Insider Activity at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. This trade represents a 17.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday. Roth Mkm reissued a "buy" rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. UBS Group lifted their price objective on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, April 17th. B. Riley reiterated a "buy" rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $47.00 target price on shares of Celsius in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.22.

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.

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