City Center Advisors LLC Buys New Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

City Center Advisors LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,292 shares of the company’s stock, valued at approximately $297,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after buying an additional 289 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Celsius by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after acquiring an additional 337 shares during the period. Signaturefd LLC increased its stake in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the period. Finally, Blue Trust Inc. raised its holdings in Celsius by 69.0% during the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after purchasing an additional 549 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

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 owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CELH has been the topic of a number of research reports. Stifel Nicolaus dropped their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. Roth Mkm cut their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, B. Riley decreased their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.28.

Celsius Stock Performance

CELH stock opened at $26.76 on Monday. The stock has a market cap of $6.29 billion, a P/E ratio of 37.17, a P/E/G ratio of 3.44 and a beta of 1.79. The firm has a 50 day simple moving average of $28.40 and a 200 day simple moving average of $35.75. Celsius Holdings, Inc. has a 52 week low of $25.23 and a 52 week high of $99.62.

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.