Worldquant Millennium Advisors LLC Trims Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Worldquant Millennium Advisors LLC cut its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 66.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 397,634 shares of the company's stock after selling 783,270 shares during the period. Worldquant Millennium Advisors LLC owned about 0.17% of Celsius worth $10,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Woodline Partners LP acquired a new position in Celsius during the fourth quarter valued at $1,684,000. Two Sigma Advisers LP acquired a new position in Celsius during the fourth quarter valued at $4,486,000. Two Sigma Investments LP lifted its position in Celsius by 264.1% during the fourth quarter. Two Sigma Investments LP now owns 894,158 shares of the company's stock valued at $23,552,000 after purchasing an additional 648,582 shares during the period. State of Wyoming lifted its position in Celsius by 40.9% during the fourth quarter. State of Wyoming now owns 7,075 shares of the company's stock valued at $186,000 after purchasing an additional 2,053 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its position in Celsius by 430.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 107,956 shares of the company's stock valued at $2,844,000 after purchasing an additional 87,592 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were 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 owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This represents a 17.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This represents a 18.36% decrease in their position. The disclosure for this sale can be found here. 2.55% of the stock is owned by corporate insiders.

Celsius Stock Down 3.9%

CELH stock opened at $36.58 on Thursday. The stock has a market capitalization of $9.43 billion, a P/E ratio of 83.14, a P/E/G ratio of 2.90 and a beta of 1.65. The firm has a 50-day simple moving average of $35.79 and a 200-day simple moving average of $30.06. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85.

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 the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. During the same period in the prior year, the company posted $0.27 EPS. The firm's revenue was down 7.4% on a year-over-year basis. On average, analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

CELH has been the subject of a number of research reports. Truist Financial upgraded shares of Celsius from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. UBS Group upped their price objective on shares of Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Stifel Nicolaus decreased their price objective on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. B. Riley reiterated a "buy" rating and issued a $49.00 price objective (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.00.

About Celsius

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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