CWA Asset Management Group LLC Makes New $5.70 Million Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

CWA Asset Management Group LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 181,764 shares of the company's stock, valued at approximately $5,700,000. CWA Asset Management Group LLC owned about 0.08% of Celsius as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CELH. Janney Montgomery Scott LLC increased its position in Celsius by 142.2% during the first quarter. Janney Montgomery Scott LLC now owns 26,090 shares of the company's stock worth $2,163,000 after buying an additional 15,316 shares during the last quarter. Nordea Investment Management AB raised its stake in Celsius by 41.9% in the 1st quarter. Nordea Investment Management AB now owns 11,550 shares of the company's stock valued at $962,000 after acquiring an additional 3,412 shares during the period. Geneos Wealth Management Inc. raised its stake in Celsius by 2,956.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,773 shares of the company's stock valued at $147,000 after acquiring an additional 1,715 shares during the period. Duality Advisers LP acquired a new stake in shares of Celsius during the 1st quarter worth about $1,275,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Celsius during the 1st quarter worth about $395,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction 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 approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CELH has been the topic of a number of recent research reports. Bank of America lowered their target price on Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a research note on Thursday, September 5th. Morgan Stanley restated an "equal weight" rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. LADENBURG THALM/SH SH cut their price target on Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. Piper Sandler dropped their price target on Celsius from $50.00 to $47.00 and set an "overweight" rating for the company in a research note on Tuesday, September 24th. Finally, B. Riley reduced their price target on shares of Celsius from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.40.

Celsius Price Performance

CELH stock traded down $1.11 during midday trading on Friday, reaching $28.90. 7,787,537 shares of the stock were exchanged, compared to its average volume of 10,767,663. Celsius Holdings, Inc. has a 52 week low of $27.78 and a 52 week high of $99.62. The company has a fifty day moving average price of $32.15 and a 200 day moving average price of $51.06. The stock has a market capitalization of $6.79 billion, a PE ratio of 40.14, a P/E/G ratio of 2.51 and a beta of 1.86.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 15.61% and a return on equity of 59.40%. The company's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. As a group, analysts anticipate that Celsius Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.