Public Employees Retirement System of Ohio Cuts Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Public Employees Retirement System of Ohio decreased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 18.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,959 shares of the company’s stock after selling 14,294 shares during the period. Public Employees Retirement System of Ohio’s holdings in Celsius were worth $2,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after buying an additional 2,754,722 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Celsius by 36.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after buying an additional 790,014 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after acquiring an additional 1,072,859 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Celsius Trading Down 5.5 %

Shares of NASDAQ CELH opened at $29.24 on Wednesday. The stock has a market cap of $6.87 billion, a P/E ratio of 40.61, a P/E/G ratio of 3.44 and a beta of 1.76. The stock has a 50 day moving average of $30.10 and a two-hundred day moving average of $40.47. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of recent research reports. Roth Mkm lowered their target price on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday. Bank of America cut their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group decreased their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Needham & Company LLC started coverage on shares of Celsius in a research report on Friday, December 6th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Truist Financial raised their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $51.17.

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.