Arcus Capital Partners LLC Invests $5.78 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

Arcus Capital Partners LLC acquired a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, HoldingsChannel reports. The fund acquired 219,599 shares of the company’s stock, valued at approximately $5,784,000. Celsius comprises about 2.1% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CELH. SG Americas Securities LLC boosted its stake in Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after acquiring an additional 1,914,264 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares during the last quarter. MIG Capital LLC bought a new position in Celsius in the third quarter valued at approximately $30,358,000. Charles Schwab Investment Management Inc. raised its holdings in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Finally, CWA Asset Management Group LLC acquired a new stake in Celsius in the third quarter worth $5,700,000. 60.95% of the stock is owned by institutional investors.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were 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 of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. B. Riley cut their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $47.56.

Celsius Trading Up 6.5 %

Celsius stock opened at $22.66 on Friday. The company has a market cap of $5.33 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $99.62. The company has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $31.24.

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.