Cynosure Group LLC Has $555,000 Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Cynosure Group LLC trimmed its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,060 shares of the company’s stock after selling 974 shares during the period. Cynosure Group LLC’s holdings in Celsius were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Contrarius Group Holdings Ltd acquired a new stake in Celsius during the fourth quarter worth about $75,535,000. Norges Bank bought a new stake in shares of Celsius during the 4th quarter worth approximately $72,579,000. Raymond James Financial Inc. acquired a new stake in shares of Celsius during the 4th quarter worth approximately $61,160,000. SG Americas Securities LLC increased its stake in Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after acquiring an additional 1,914,264 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Celsius by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock valued at $376,455,000 after purchasing an additional 1,444,020 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CELH has been the topic of several recent analyst reports. LADENBURG THALM/SH SH decreased their price target on Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC boosted their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $45.00 in a report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Activity at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at $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 available through this link. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This 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 company insiders.

Celsius Price Performance

Shares of CELH opened at $36.75 on Thursday. The business has a 50-day moving average of $27.44 and a 200-day moving average of $28.86. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 83.52, a price-to-earnings-growth ratio of 2.90 and a beta of 1.57. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $98.85.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. As a group, sell-side analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Celsius Company 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.