Dillon & Associates Inc. Boosts Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Dillon & Associates Inc. lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 72.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,607 shares of the company's stock after purchasing an additional 32,111 shares during the period. Dillon & Associates Inc.'s holdings in Celsius were worth $2,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. S.A. Mason LLC purchased a new position in Celsius during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock valued at $32,000 after acquiring an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius in the third quarter worth $34,000. Signaturefd LLC boosted its holdings 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 acquiring an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock valued at $37,000 after purchasing an additional 505 shares during the period. 60.95% of the stock is owned by institutional investors.

Celsius Stock Up 0.6 %

Shares of NASDAQ CELH traded up $0.17 during trading on Wednesday, reaching $27.13. 5,939,576 shares of the company traded hands, compared to its average volume of 6,000,914. The firm has a 50 day simple moving average of $31.94 and a 200-day simple moving average of $50.61. Celsius Holdings, Inc. has a 52-week low of $25.77 and a 52-week high of $99.62. The stock has a market capitalization of $6.38 billion, a PE ratio of 38.28, a P/E/G ratio of 3.06 and a beta of 1.86.

Analysts Set New Price Targets

CELH has been the topic of several research analyst reports. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a research report on Thursday, September 5th. B. Riley lowered their price objective on Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Maxim Group dropped their target price on shares of Celsius from $65.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus cut their price objective on shares of Celsius from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, TD Cowen lowered their target price on shares of Celsius from $68.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.40.

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate 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.