Silvant Capital Management LLC Has $985,000 Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Silvant Capital Management LLC decreased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 31.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,423 shares of the company’s stock after selling 14,443 shares during the period. Silvant Capital Management LLC’s holdings in Celsius were worth $985,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CELH. Covestor Ltd raised its stake in shares of Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Moody National Bank Trust Division increased its stake in Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares during the period. Bleakley Financial Group LLC raised its position in Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after purchasing an additional 215 shares in the last quarter. Tidal Investments LLC lifted its stake in Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after purchasing an additional 249 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Celsius by 1.7% during the first quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company’s stock valued at $1,380,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CELH shares. Roth Mkm cut their target price on Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 27th. UBS Group reduced their target price on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Finally, TD Cowen dropped their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Celsius Stock Up 4.7 %

CELH stock opened at $31.48 on Friday. Celsius Holdings, Inc. has a twelve month low of $28.20 and a twelve month high of $99.62. The company has a market cap of $7.34 billion, a P/E ratio of 30.86, a PEG ratio of 2.38 and a beta of 1.84. The business has a fifty day moving average of $32.99 and a 200-day moving average of $52.60.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. As a group, equities research analysts anticipate that Celsius Holdings, Inc. will post 0.79 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.