South Dakota Investment Council Has $9.75 Million Stock Position in Celsius Holdings Inc. (NASDAQ:CELH)

South Dakota Investment Council increased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,699 shares of the company's stock after acquiring an additional 8,088 shares during the period. South Dakota Investment Council owned about 0.11% of Celsius worth $9,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CELH. Private Advisor Group LLC bought a new position in shares of Celsius in the 1st quarter valued at about $290,000. Wealthfront Advisers LLC grew its position in shares of Celsius by 21.2% in the 1st quarter. Wealthfront Advisers LLC now owns 13,509 shares of the company's stock valued at $481,000 after acquiring an additional 2,365 shares during the period. GPM Growth Investors Inc. bought a new position in shares of Celsius in the 1st quarter valued at about $1,707,000. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in shares of Celsius by 107.2% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 40,626 shares of the company's stock valued at $1,447,000 after acquiring an additional 21,020 shares during the period. Finally, Signaturefd LLC grew its position in shares of Celsius by 356.4% in the 1st quarter. Signaturefd LLC now owns 3,090 shares of the company's stock valued at $110,000 after acquiring an additional 2,413 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. LADENBURG THALM/SH SH decreased their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. UBS Group boosted their price objective on Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday. Truist Financial boosted their price objective on Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen upgraded Celsius from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Finally, 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, June 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.47.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 130,803 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the transaction, the chief executive officer owned 1,038,577 shares of the company's stock, valued at $46,735,965. This represents a 11.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This trade represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 562,974 shares of company stock valued at $25,758,418. 2.20% of the stock is currently owned by corporate insiders.

Celsius Price Performance

NASDAQ CELH traded down $1.02 on Monday, reaching $43.41. The company had a trading volume of 2,610,050 shares, compared to its average volume of 8,068,518. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 135.72, a P/E/G ratio of 1.58 and a beta of 1.45. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $48.75. The business has a 50 day moving average of $41.89 and a two-hundred day moving average of $34.27.

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 the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The firm had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. During the same quarter last year, the company earned $0.27 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, research analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

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.