E. Ohman J or Asset Management AB Takes Position in Celsius Holdings, Inc. (NASDAQ:CELH)

E. Ohman J or Asset Management AB purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 65,000 shares of the company’s stock, valued at approximately $1,712,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after acquiring an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the period. MIG Capital LLC purchased a new stake in Celsius in the 3rd quarter valued at approximately $30,358,000. Charles Schwab Investment Management Inc. increased its position in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Celsius during the 3rd quarter worth approximately $5,700,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Trading Down 3.5 %

Shares of CELH stock opened at $22.92 on Wednesday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.77 and a beta of 1.78. The firm has a 50-day moving average price of $27.55 and a 200 day moving average price of $32.20. Celsius Holdings, Inc. has a twelve month low of $22.92 and a twelve month high of $99.62.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value 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. The trade was 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 at the SEC website. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CELH has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH dropped their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Morgan Stanley restated an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.00.

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.