Arcus Capital Partners LLC Buys Shares of 219,599 Celsius Holdings, Inc. (NASDAQ:CELH)

Arcus Capital Partners LLC bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 219,599 shares of the company’s stock, valued at approximately $5,784,000. Celsius accounts for 2.1% of Arcus Capital Partners LLC’s holdings, making the stock its 11th largest position. Arcus Capital Partners LLC owned about 0.09% of Celsius as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius during the 3rd quarter valued at $34,000. Signaturefd LLC lifted its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the last quarter. S.A. Mason LLC lifted its stake in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares during the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius in the 3rd quarter valued at $39,000. Finally, Blue Trust Inc. lifted its stake in shares of Celsius by 69.0% in the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

CELH has been the subject of several analyst reports. Roth Mkm reduced their price objective 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. Piper Sandler reduced their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average price target of $47.56.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Celsius Stock Performance

NASDAQ:CELH opened at $22.66 on Friday. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.44 and a beta of 1.78. The firm’s 50-day moving average is $26.74 and its 200-day moving average is $31.24. Celsius Holdings, Inc. has a 52-week low of $21.10 and a 52-week high of $99.62.

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.