Oregon Public Employees Retirement Fund Trims Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Oregon Public Employees Retirement Fund decreased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 15.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,013 shares of the company’s stock after selling 5,665 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Celsius were worth $1,771,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp increased its position in Celsius by 267.2% during the fourth quarter. Truist Financial Corp now owns 26,776 shares of the company’s stock worth $1,460,000 after buying an additional 19,484 shares during the period. Precision Wealth Strategies LLC increased its holdings in shares of Celsius by 199.3% in the 4th quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock valued at $327,000 after acquiring an additional 3,998 shares during the period. Van ECK Associates Corp purchased a new stake in Celsius in the 4th quarter valued at $614,000. Natixis Advisors L.P. acquired a new stake in Celsius during the 4th quarter worth $719,000. Finally, National Bank of Canada FI grew its position in Celsius by 268.7% during the 4th quarter. National Bank of Canada FI now owns 1,803 shares of the company’s stock worth $106,000 after purchasing an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CELH shares. Bank of America lowered their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday. Stifel Nicolaus lowered their target price on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen cut their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Roth Mkm lowered their price objective on shares of Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Truist Financial cut their price objective on shares of Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.64.

Celsius Price Performance

NASDAQ CELH opened at $31.96 on Friday. The business has a 50 day moving average price of $45.65 and a 200 day moving average price of $66.71. The company has a market capitalization of $7.45 billion, a P/E ratio of 35.12, a PEG ratio of 1.57 and a beta of 1.90. Celsius Holdings, Inc. has a 1-year low of $31.55 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, research analysts expect that Celsius Holdings, Inc. will post 1 earnings per share for the current fiscal year.

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.