Celsius Holdings, Inc. (NASDAQ:CELH) Shares Acquired by Cynosure Group LLC

Cynosure Group LLC boosted its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 78.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,034 shares of the company’s stock after acquiring an additional 9,710 shares during the period. Cynosure Group LLC’s holdings in Celsius were worth $691,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CELH. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 purchasing an additional 2,754,722 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after acquiring an additional 790,014 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Celsius by 19.1% in the 3rd 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Celsius by 86.9% during the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after buying an additional 460,227 shares during the period. Finally, Ogborne Capital Management LLC grew its stake in shares of Celsius by 43.5% in the first quarter. Ogborne Capital Management LLC now owns 638,449 shares of the company’s stock valued at $52,940,000 after buying an additional 193,449 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CELH shares. LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. 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 research note on Wednesday, October 16th. Jefferies Financial Group cut their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Finally, UBS Group cut their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Stock Up 2.8 %

Shares of CELH opened at $28.37 on Thursday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 3.42 and a beta of 1.86. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62. The stock has a 50 day moving average price of $30.55 and a 200 day moving average price of $46.71.

Insider Activity

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

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.