Nuveen Asset Management LLC Purchases 116,216 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Nuveen Asset Management LLC lifted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 819,025 shares of the company's stock after purchasing an additional 116,216 shares during the quarter. Nuveen Asset Management LLC owned 0.35% of Celsius worth $21,573,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. HM Payson & Co. grew its position in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the last quarter. S.A. Mason LLC lifted its stake in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after acquiring an additional 700 shares during the period. Blue Trust Inc. lifted its stake in shares of Celsius by 32.8% in 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. Knuff & Co LLC acquired a new position in shares of Celsius in the fourth quarter worth approximately $50,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Celsius by 32.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock worth $66,000 after acquiring an additional 614 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 2.6%

NASDAQ:CELH traded up $0.94 during trading hours on Tuesday, reaching $37.04. 7,341,524 shares of the company traded hands, compared to its average volume of 8,016,986. The business's 50-day moving average price is $36.11 and its two-hundred day moving average price is $30.17. The stock has a market capitalization of $9.55 billion, a P/E ratio of 84.18, a P/E/G 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 $94.99.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 10.70% and a return on equity of 51.89%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. As a group, equities analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company's stock, valued at $543,947.82. This represents a 17.31% decrease in their position. The disclosure for this sale can be found here. 2.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CELH. UBS Group boosted their price target on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. B. Riley reaffirmed 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. JPMorgan Chase & Co. upped their target price on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Needham & Company LLC upped their price target on Celsius from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and upped their price objective for the company from $35.00 to $45.00 in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.00.

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.