Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 85.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,213 shares of the company’s stock after acquiring an additional 84,166 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Celsius worth $4,826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the third quarter worth $34,000. Signaturefd LLC raised its stake in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in Celsius during the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated 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 sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group dropped their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. B. Riley cut their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus decreased their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average price target of $49.94.

Celsius Stock Performance

NASDAQ CELH opened at $27.23 on Tuesday. Celsius Holdings, Inc. has a one year low of $25.23 and a one year high of $99.62. The company has a 50-day simple moving average of $28.09 and a 200-day simple moving average of $34.48. The firm has a market capitalization of $6.40 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79.

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.