Robeco Institutional Asset Management B.V. Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 17,594 shares of the company’s stock, valued at approximately $959,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its stake in shares of Celsius by 19.0% during the 3rd quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock valued at $95,000 after purchasing an additional 88 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Celsius by 1.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 9,999 shares of the company’s stock worth $1,716,000 after purchasing an additional 100 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Heritage Wealth Advisors purchased a new position in Celsius during the third quarter valued at approximately $32,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Celsius by 6.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the company’s stock valued at $505,000 after buying an additional 185 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Activity

In related news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the completion of the transaction, the insider now owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Dean Desantis sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the sale, the insider now directly owns 219,257 shares in the company, valued at approximately $20,993,857.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,101,696 shares of company stock worth $136,706,859. Corporate insiders own 2.20% of the company’s stock.

Celsius Trading Down 1.9 %

CELH stock opened at $91.71 on Friday. Celsius Holdings, Inc. has a 12 month low of $40.87 and a 12 month high of $99.62. The stock has a market cap of $21.37 billion, a PE ratio of 100.77, a P/E/G ratio of 2.68 and a beta of 1.93. The company has a 50-day moving average price of $82.08 and a 200 day moving average price of $68.68.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 36.9% on a year-over-year basis. Sell-side analysts forecast that Celsius Holdings, Inc. will post 1.11 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Morgan Stanley reissued an “equal weight” rating and set a $75.00 target price on shares of Celsius in a research note on Wednesday, March 27th. Roth Mkm boosted their price target on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Celsius in a research report on Friday, May 3rd. Finally, Piper Sandler upped their target price on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $88.36.

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.