Heck Capital Advisors LLC Takes $219,000 Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Heck Capital Advisors LLC acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,301 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC grew 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 period. MIG Capital LLC bought a new stake in shares of Celsius in the third quarter worth about $30,358,000. Charles Schwab Investment Management Inc. raised its position in shares of Celsius by 19.1% during 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 bought a new position in shares of Celsius during the 3rd quarter valued at about $5,700,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the subject of several research reports. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Roth Mkm cut their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. initiated coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Celsius Stock Performance

CELH stock opened at $24.98 on Friday. Celsius Holdings, Inc. has a 52 week low of $24.42 and a 52 week high of $99.62. The company’s 50-day simple moving average is $27.76 and its 200 day simple moving average is $32.70. The company has a market capitalization of $5.87 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.81 and a beta of 1.79.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $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 is available through the SEC website. Company insiders own 2.20% of the company’s stock.

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.