Ritholtz Wealth Management Takes $389,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Ritholtz Wealth Management purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,784 shares of the company's stock, valued at approximately $389,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased 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 valued at $56,531,000 after acquiring an additional 460,227 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Celsius during the 2nd quarter valued at $557,000. Intech Investment Management LLC boosted its holdings in shares of Celsius by 296.8% in the 2nd quarter. Intech Investment Management LLC now owns 27,995 shares of the company's stock worth $1,598,000 after buying an additional 20,939 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in 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 buying an additional 505 shares during the period. Finally, Xponance Inc. grew its position in Celsius by 7.8% during the second quarter. Xponance Inc. now owns 40,607 shares of the company's stock valued at $2,318,000 after buying an additional 2,928 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Performance

CELH traded down $1.46 on Wednesday, reaching $25.35. The company had a trading volume of 12,625,022 shares, compared to its average volume of 7,024,230. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 2.99 and a beta of 1.79. The business has a 50 day simple moving average of $28.08 and a 200 day simple moving average of $34.26.

Analysts Set New Price Targets

A number of research analysts have weighed in on CELH shares. Piper Sandler dropped their target price on shares of Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 24th. Morgan Stanley reissued an "equal weight" rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They issued a "hold" rating and a $32.00 target price for the company. Jefferies Financial Group dropped their price target on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Finally, Roth Mkm decreased their price objective on Celsius from $40.00 to $38.00 and set a "buy" rating for the company in a report on Monday, December 16th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.78.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the business's stock in a transaction dated 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 approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by insiders.

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.