Janney Montgomery Scott LLC Makes New Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Janney Montgomery Scott LLC acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,377 shares of the company’s stock, valued at approximately $984,000.

Several other large investors have also recently added to or reduced their stakes in CELH. Massachusetts Financial Services Co. MA boosted its holdings in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after purchasing an additional 2,754,722 shares in the last quarter. Vanguard Group Inc. increased its position in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after purchasing an additional 2,567,290 shares during the period. Capital International Investors increased its holdings in Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after purchasing an additional 1,333,217 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Celsius during the first quarter worth $99,746,000. Finally, GQG Partners LLC acquired a new position in shares of Celsius in the 1st quarter valued at approximately $76,352,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

CELH stock opened at $25.66 on Friday. The business has a 50-day simple moving average of $31.41 and a two-hundred day simple moving average of $49.62. The company has a market capitalization of $6.03 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 3.07 and a beta of 1.86. Celsius Holdings, Inc. has a 52-week low of $25.50 and a 52-week high of $99.62.

Wall Street Analyst Weigh In

Several brokerages recently commented on CELH. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. LADENBURG THALM/SH SH cut their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. B. Riley lowered their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Roth Mkm reduced their price objective on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

About Celsius

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.