E. Ohman J or Asset Management AB Buys New Shares in Celsius Holdings, Inc. (NASDAQ:CELH)

E. Ohman J or Asset Management AB purchased a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 65,000 shares of the company’s stock, valued at approximately $1,712,000.

A number of other hedge funds also recently made changes to their positions in CELH. Northwestern Mutual Wealth Management Co. raised its position in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after buying an additional 289 shares during the period. Assenagon Asset Management S.A. increased its stake in Celsius by 0.3% during the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after acquiring an additional 337 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the period. Blue Trust Inc. lifted its stake in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in Celsius by 6.6% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock worth $248,000 after purchasing an additional 586 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius 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 completion of the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. Truist Financial lifted their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. started coverage on Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target for the company. Morgan Stanley restated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. Finally, UBS Group lowered their target price on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Celsius Trading Down 3.5 %

Celsius stock opened at $22.92 on Wednesday. The stock has a 50 day moving average of $27.55 and a 200-day moving average of $32.20. The stock has a market cap of $5.39 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 2.77 and a beta of 1.78. Celsius Holdings, Inc. has a 52 week low of $22.92 and a 52 week high of $99.62.

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.