Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp cut its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 35.8% during the fourth quarter, Holdings Channel reports. The firm owned 11,056 shares of the company’s stock after selling 6,156 shares during the quarter. Hancock Whitney Corp’s holdings in Celsius were worth $291,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tidal Investments LLC increased its stake in Celsius by 58.9% during the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock worth $695,000 after buying an additional 8,215 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Celsius in the third quarter worth $734,000. Retirement Systems of Alabama increased its position in shares of Celsius by 7.3% during the third quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock worth $8,922,000 after acquiring an additional 19,387 shares during the period. GAMMA Investing LLC boosted its holdings in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Finally, Diversified Trust Co acquired a new position in Celsius during the 4th quarter worth $869,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Down 1.2 %

Shares of CELH stock opened at $36.74 on Monday. The stock’s 50-day moving average price is $32.40 and its 200 day moving average price is $29.48. The stock has a market capitalization of $9.47 billion, a PE ratio of 83.50, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $98.85.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Analysts expect that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the firm’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 completion of the sale, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent research reports. LADENBURG THALM/SH SH decreased their price objective on Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. UBS Group lifted their price target on shares of Celsius from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $45.00 in a research report on Monday, March 31st. B. Riley reaffirmed a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $46.47.

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.