Channel Wealth LLC Takes $738,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Channel Wealth LLC bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,007 shares of the company's stock, valued at approximately $738,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Celsius during the 3rd quarter valued at $34,000. Signaturefd LLC raised its stake in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted 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 worth $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock worth $37,000 after buying an additional 630 shares in the last quarter. Finally, Activest Wealth Management bought a new position in Celsius in the 3rd quarter valued at about $39,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Celsius Stock Performance

Shares of NASDAQ:CELH traded down $0.34 during mid-day trading on Friday, reaching $27.25. 4,018,561 shares of the company's stock were exchanged, compared to its average volume of 6,096,189. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62. The business's fifty day moving average price is $28.12 and its 200-day moving average price is $35.22.

Wall Street Analyst Weigh In

CELH has been the subject of several analyst reports. Roth Mkm dropped their target price on shares of Celsius from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Stifel Nicolaus lowered their price objective on shares of Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a report on Tuesday, September 24th. Truist Financial lifted their price target on Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Finally, Needham & Company LLC restated a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Celsius has a consensus rating of "Moderate Buy" and a consensus target price of $49.94.

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.