Northern Trust Corp Has $35.50 Million Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Northern Trust Corp grew its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 15.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,347,662 shares of the company's stock after acquiring an additional 183,163 shares during the period. Northern Trust Corp owned about 0.57% of Celsius worth $35,497,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in shares of Celsius by 85.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company's stock valued at $1,532,000 after buying an additional 26,801 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Celsius in the fourth quarter valued at approximately $869,000. Bennett Selby Investments LP increased its holdings in Celsius by 392.6% during the 4th quarter. Bennett Selby Investments LP now owns 51,645 shares of the company's stock worth $1,360,000 after acquiring an additional 41,161 shares during the period. Annex Advisory Services LLC bought a new stake in Celsius during the 4th quarter worth approximately $1,165,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Celsius by 5.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company's stock worth $587,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Price Performance

Shares of CELH traded up $0.55 during mid-day trading on Monday, reaching $37.32. The company had a trading volume of 6,770,928 shares, compared to its average volume of 7,876,823. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85. The company's 50-day moving average is $34.00 and its 200-day moving average is $29.65. The company has a market capitalization of $9.62 billion, a P/E ratio of 84.82, a P/E/G ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 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 analyst estimates of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. As a group, equities analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This represents 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 at the SEC website. Also, Director Joyce Russell sold 4,000 shares of the company'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 sale, the director now owns 19,106 shares of the company's stock, valued at $543,947.82. The trade was a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. 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. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price objective on shares of Celsius in a report on Wednesday, May 7th. Stifel Nicolaus lowered their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. boosted their price target 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. Finally, Piper Sandler boosted their price objective on shares of Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Celsius currently has an average rating of "Moderate Buy" and a consensus price target of $46.88.

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.