Assenagon Asset Management S.A. Raises Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Assenagon Asset Management S.A. lifted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,213 shares of the company's stock after purchasing an additional 84,166 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Celsius worth $4,826,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Celsius by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company's stock worth $147,000 after buying an additional 289 shares in the last quarter. Signaturefd LLC grew its holdings in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after acquiring an additional 378 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock worth $37,000 after acquiring an additional 505 shares in the last quarter. Blue Trust Inc. lifted its holdings in Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company's stock valued at $42,000 after acquiring an additional 549 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock worth $37,000 after purchasing an additional 630 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company's stock.

Celsius Price Performance

CELH stock traded down $0.42 during midday trading on Tuesday, hitting $26.81. The stock had a trading volume of 10,010,208 shares, compared to its average volume of 6,519,001. The company's 50-day moving average price is $28.09 and its 200 day moving average price is $34.48. The firm has a market cap of $6.30 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.99 and a beta of 1.79. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CELH shares. 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. Needham & Company LLC reiterated a "buy" rating and set a $38.00 price target on shares of Celsius in a research report on Monday, January 6th. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus reduced their price objective on Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and an average price target of $49.94.

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.