Capstone Investment Advisors LLC Purchases Shares of 6,615 Celsius Holdings, Inc. (NASDAQ:CELH)

Capstone Investment Advisors LLC acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the third quarter, HoldingsChannel reports. The fund acquired 6,615 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after acquiring an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. grew its holdings in shares of Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares during the period. Vontobel Holding Ltd. raised its holdings in Celsius by 93.5% in the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the period. Janney Montgomery Scott LLC acquired a new position in Celsius during the third quarter valued at approximately $984,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in Celsius during the second quarter worth approximately $20,024,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen cut their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. B. Riley reduced their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus lowered their target price on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Bank of America dropped their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Finally, Maxim Group decreased their price target on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.40.

Celsius Trading Up 0.3 %

CELH stock opened at $28.45 on Friday. The company has a market capitalization of $6.69 billion, a P/E ratio of 39.51, a PEG ratio of 3.26 and a beta of 1.86. The firm has a 50 day simple moving average of $30.35 and a 200-day simple moving average of $45.86. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

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.