Retirement Systems of Alabama Increases Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Retirement Systems of Alabama boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,501 shares of the company's stock after acquiring an additional 19,387 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Celsius worth $8,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CELH. State Street Corp boosted its position in Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company's stock valued at $166,860,000 after buying an additional 165,329 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in 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 acquiring an additional 2,754,722 shares during the last quarter. Geode Capital Management LLC increased its holdings in Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock worth $93,928,000 after purchasing an additional 104,896 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in 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 buying an additional 790,014 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company's stock valued at $43,317,000 after acquiring an additional 221,833 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business's 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 sale, 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 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.

Celsius Stock Performance

CELH traded down $1.70 on Tuesday, hitting $29.24. The company had a trading volume of 8,225,190 shares, compared to its average volume of 6,203,415. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The stock has a fifty day moving average price of $30.09 and a 200-day moving average price of $40.83.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CELH. Jefferies Financial Group dropped their price objective on shares of Celsius from $53.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. Needham & Company LLC began coverage on Celsius in a research note on Friday, December 6th. They issued a "buy" rating and a $38.00 target price on the stock. Stifel Nicolaus decreased their price objective on shares of Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price target on the stock. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.17.

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.