Gateway Investment Advisers LLC acquired a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 132,309 shares of the company's stock, valued at approximately $3,485,000. Gateway Investment Advisers LLC owned 0.06% of Celsius at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius in the 3rd quarter valued at $34,000. Signaturefd LLC boosted its position in shares of Celsius by 48.3% during the 3rd 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. Benjamin F. Edwards & Company Inc. increased its stake in Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock valued at $37,000 after acquiring an additional 505 shares during the period. Newbridge Financial Services Group Inc. raised its position in Celsius by 3,150.0% in the second 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. Finally, Activest Wealth Management bought a new position in Celsius during the third quarter worth about $39,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CELH. Jefferies Financial Group lowered their price objective on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. B. Riley dropped their price objective on Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Morgan Stanley restated an "equal weight" rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Truist Financial increased their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Finally, Piper Sandler reduced their price target on shares of Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 24th. 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. Based on data from MarketBeat.com, Celsius has an average rating of "Moderate Buy" and an average price target of $49.94.
Read Our Latest Research Report on Celsius
Celsius Stock Down 1.3 %
CELH stock traded down $0.36 during midday trading on Friday, reaching $27.23. The stock had a trading volume of 4,635,397 shares, compared to its average volume of 6,481,789. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 37.82, 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 has a fifty day simple moving average of $28.09 and a two-hundred day simple moving average of $34.85.
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 value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company's stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.
About Celsius
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Free Report)
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.
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