City Center Advisors LLC Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

City Center Advisors LLC purchased a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 11,292 shares of the company’s stock, valued at approximately $297,000.

Other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co acquired a new stake in shares of Celsius during the 4th quarter worth approximately $869,000. GAMMA Investing LLC boosted its position in shares of Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Celsius by 7.3% in the third quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock valued at $8,922,000 after purchasing an additional 19,387 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Celsius in the third quarter valued at about $734,000. Finally, Tidal Investments LLC boosted its holdings in Celsius by 58.9% during the third quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock worth $695,000 after buying an additional 8,215 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 261,245 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by company insiders.

Celsius Stock Down 7.8 %

CELH stock opened at $26.76 on Monday. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 3.44 and a beta of 1.79. The business has a 50 day moving average price of $28.40 and a two-hundred day moving average price of $35.75.

Analysts Set New Price Targets

Several research analysts recently weighed in on CELH shares. Jefferies Financial Group reduced their price objective on shares of 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 on the stock in a research note on Monday, November 4th. Stifel Nicolaus decreased 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. Needham & Company LLC reiterated a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Monday, January 6th. Finally, UBS Group lowered their target price on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $50.28.

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.