Secured Retirement Advisors LLC Buys New Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Secured Retirement Advisors LLC purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,532 shares of the company’s stock, valued at approximately $804,000.

Several other institutional investors and hedge funds have also made changes to their positions in CELH. State Street Corp lifted its stake in Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Geode Capital Management LLC raised its holdings in Celsius by 3.6% during the third 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. SG Americas Securities LLC lifted its position in shares of Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after buying an additional 1,914,264 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 221,833 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after buying an additional 1,072,859 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CELH has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. B. Riley dropped their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $47.56.

Celsius Trading Down 1.4 %

NASDAQ CELH opened at $22.34 on Friday. The business’s 50 day moving average is $26.52 and its two-hundred day moving average is $30.91. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’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 transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

Celsius 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.