Gateway Investment Advisers LLC Sells 13,595 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Gateway Investment Advisers LLC lessened its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,714 shares of the company's stock after selling 13,595 shares during the period. Gateway Investment Advisers LLC owned approximately 0.05% of Celsius worth $4,229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CELH. HM Payson & Co. lifted its stake in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 550 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 purchasing an additional 441 shares during the last quarter. Knuff & Co LLC bought a new stake in Celsius during the fourth quarter worth about $50,000. Finally, Farther Finance Advisors LLC lifted its stake in Celsius by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock worth $66,000 after purchasing an additional 614 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CELH shares. Piper Sandler lifted their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group lifted their price target on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Stifel Nicolaus dropped their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Truist Financial lifted their price target on Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $47.00 price target on shares of Celsius in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average target price of $47.22.

Celsius Price Performance

CELH traded up $0.27 during trading on Tuesday, hitting $42.55. 9,318,539 shares of the stock traded hands, compared to its average volume of 8,119,973. The firm has a market capitalization of $10.97 billion, a P/E ratio of 96.71, a price-to-earnings-growth ratio of 2.90 and a beta of 1.43. The firm has a 50-day moving average of $36.91 and a 200 day moving average of $30.97. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $67.76.

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 analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. As a group, equities analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal 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.